Metal Energy Completes Phase 1 Requirements for NIV Property Option Agreement
Metal Energy Completes Phase 1
Requirements for NIV Property Option
Agreement
Toronto, Ontario--(Newsfile Corp. - November 26, 2025) - Metal Energy Corp. (TSXV: MERG) (OTCQB:
MEEEF) (the "
Company
" or "
Metal Energy
") is pleased to announce that it has completed the first
phase of the of requirements under the option agreement (the "
Agreement
") previously announced on
October 23, 2025 (
view here
) and October 28, 2025 (
view here
) respecting the NIV and West NIV
exploration properties in north-central British Columbia (the "
Properties
") by issuing the common
shares to the optionor and making the required cash payment in accordance with the terms of the Option
Agreement.
"With this first phase complete, we move NIV one step closer to drilling. We're now focused on bringing
forward the value we see in this compelling porphyry target in the Toodoggone District," said Stephen
Stewart, Chairman of Metal Energy.
The Option Agreement grants Metal Energy the exclusive right to earn an 80% undivided interest in the
NIV and West NIV properties. As announced on November 19, 2025 (
view here
), the Company has also
entered into a right of first refusal agreement for the remaining 20% of the Properties. NIV is a fully
permitted, drill-ready copper-gold-molybdenum project located in British Columbia's prolific
Toodoggone District and features extensive, coincident geochemical and geophysical anomalies in a
favourable geological setting consistent with large-scale porphyry systems.
Pursuant to the Option Agreement, Metal Energy has issued 862,708 common shares (the “
Shares
”) to
the optionor. The Shares are subject to a hold period of four months and one day from the date of
issuance. The Company is completing the initial cash payments in the aggregate amount of $300,000
required under the first phase of the Option Agreement. The transaction remains subject to final approval
from the TSX Venture Exchange.
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 now controls NIV, a newly acquired, 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, BC
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 facts, that address events or developments that
Metal Energy expects to occur, are forward-looking statements, including, but not limited to, the ability
of Metal Energy to earn the interest in the Property by the completion of the work obligations, or the
exercise of the option. By their nature, forward-looking statements are subject to numerous risks and
uncertainties, some of which are beyond the 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, stock market
volatility. Although the Company believes that the expectations in its forward-looking statements are
reasonable, its forward-looking statements have been based on factors and assumptions concerning
future events which may prove to be inaccurate. Those factors and assumptions are based upon
currently available information. 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 the 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.sedar.com
. 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 to
revise any of the included 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/276092