Metal Energy Completes Right of First Refusal Agreement on NIV Copper-Gold Project in British Columbia
Metal Energy Completes Right of First Refusal
Agreement on NIV Copper-Gold Project in
British Columbia
Toronto, Ontario--(Newsfile Corp. - December 16, 2025) - Metal Energy Corp. (TSXV: MERG) (OTCQB:
MEEEF) (the "
Company
" or "
Metal Energy
") is pleased to announce that it has completed the
previously announced right of first refusal agreement (the "
ROFR Agreement
") with respect to the
remaining 20% interest (the "
Remaining Interest
") in the mineral tenures comprising the NIV and West
NIV properties in the Toodoggone District of British Columbia (collectively, the "
Property
").
"This agreement enhances our long-term optionality to consolidate ownership of a highly compelling, fully
permitted copper-gold porphyry target in one of British Columbia's most prospective districts," said
Stephen Stewart, Chairman of Metal Energy. "We are very pleased with the terms of the agreement and
look forward to drilling NIV's exceptional targets in 2026."
The ROFR Agreement provides Metal Energy with a right of first refusal to purchase the Remaining
Interest on the same terms and for the same consideration as any proposed arm's-length third-party
transaction, supporting the Company's optionality to consolidate up to 100% ownership of NIV over time.
The Company continues to advance its strategy to consolidate ownership optionality at NIV in parallel
with its previously disclosed 80% earn-in on the Property.
Pursuant to closing, the Company has issued 600,000 common shares (the "
Consideration Shares
")
to the grantor in accordance with the terms of the ROFR Agreement. The Consideration Shares are
subject to a statutory hold period of four months and one day from the date of issuance. No finder's fees
were paid in connection with the ROFR Agreement. The issuance of Consideration Shares remains
subject to the final approval of 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, final
TSXV approval, the Company's ability to earn an interest in the Property, the potential exercise of the
right of first refusal, future exploration plans and timelines, and the potential to consolidate ownership
of the Property. 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.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 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 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.
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https://www.newsfilecorp.com/release/278135