Molten Metals Shares Promising Outlook on Gold Exploration in Quebec
Molten Metals Corp. Remains Enthusiastic on the Current Mineral
Exploration Activities and Discoveries in Quebec
Vancouver, British Columbia / January 24, 2025 – Molten Metals Corp. (the
“Company”) (CSE:MOLT); (OTC:MLTNF) (FSE:Y44) a Canadian mineral exploration
company focused on precious and base metal projects in Quebec, is pleased to share its
outlook on the promising future of gold exploration in Quebec and the inherent
advantages of operating in this supportive and resource-rich jurisdiction.
The Company’s decision to acquire the Senneterre West Gold Project (the “Project”)
included consideration of the desirable location near other projects in the Val d’Or area
of Quebec which is part of the Abitibi Greenstone Gold Belt, a region that spans
northeastern Ontario and northwestern Quebec that is a prolific mining area in a prime
mining jurisdiction.
The Senneterre West Gold Project comprise 40 mineral claims that cover over 20 km2and
is located within the prolific Val d’Or mining district which includes projects owned and
operated by Agnico Eagle Mines Limited (Canadian Malartic Mine, 7.9 Moz Au), Eldorado
Gold Corporation (0.877 Moz Au) and O3 Mining Inc. (Marban Alliance, 2.6 Moz Au).
The Project is located in the eastern portion of the Val d’Or mining camp and are
contiguous with Abcourt Mines’ Pershing-Manitou project which hosts a current mineral
resource. The claims straddle several regional scale faults that separate distinct volcanic
packages and are spatially associated with gold occurrences in the district.
The Company cautions that information concerning resources on contiguous and
nearby claims is not necessarily indicative of mineralization on the Company's
Project.
The Province of Quebec (“Quebec) is a globally recognized hub for mineral exploration
and mining, and is highly prospective for gold and other valuable minerals, with significant
geological potential yet to be fully realized.
Quebec is consistently top rated by the Fraser Institute in its annual ranking of mining
friendly jurisdictions and has an economy firmly entrenched in the natural resources
sector which includes a long history of mining and mineral processing.
Advantages for mining and mineral exploration investments in Quebec:
• Rich in a wide range minerals
• Top rated province for flow-through financing opportunities in Canada
• Surety of land title for the purposes of mineral exploration and mining
• Extremely well-developed mining and exploration data and administration system
• A leader in infrastructure development to support the natural resource sector
• Generous tax credit towards mineral exploration expenditures in the province
• There is breath of technical expertise in Quebec
• Excellent government generated geological data to support mineral exploration
Rishi Kwatra, CEO of the Company, commented, “I am excited for this year as our
company is financially strong and has great assets, particularly with us securing the
prospective Senneterre Gold Project. We are excited to explore our flagship Project
throughout 2025 after securing 100% of this Project located in the heart of the prolific Val
d’Or Mining Camp. The metals business looks promising, especially with potential supply
shortages, highlighting the importance of our projects in Quebec's globally recognized
mineral-rich greenstone belt. We look forward to sharing further updates in the coming
weeks and months as we work complete exploration on the Project”.
Mr. Kwatra continued: “My focus as CEO will be to build a new technical team, new
shareholder base, and really energize the Company as we carry out our exploration plan
in 2025 confidently. It is early days, but I believe the growth potential here is exceptional.
The Abitibi Gold Belt in Quebec is experiencing a surge in mergers and acquisitions as
gold prices rise and companies seek to consolidate assets and expand operations.
Agnico Eagle Mines has been particularly active, acquiring O3 Mining in 2024 for $204
million and Yamana Gold's stake in the Canadian Malartic Mine in 2023 for $4.8 billion.
This follows their significant 2022 merger with Kirkland Lake Gold, consolidating key
assets like the Macassa and Detour Lake mines.
This trend extends beyond Agnico Eagle. Newmont Corporation, the world's largest gold
producer, acquired Goldcorp in 2019 for $10 billion, gaining control of assets like the
Porcupine Gold Mines. Hecla Mining expanded its presence with the 2022 acquisition of
Alexco Resource Corp. Even smaller players like Yorbeau Resources are participating,
selling their Rouyn gold property to Lac Gold for $25 million. This wave of M&A activity
solidifies the Abitibi Gold Belt's status as a global hub for gold production, exploration,
and investment.
The Company is focused on gold exploration in 2025. Gold's appeal as a safe haven
asset is fueled by several factors contributing to its consistent growth. Global economic
uncertainty and inflationary pressures drive demand for gold as a hedge against financial
volatility. Simultaneously, technological advancements in exploration and data analysis
are improving the efficiency of gold discovery, increasing supply potential. This is coupled
with growing demand influenced by industrial applications and the rise of gold -backed
ETFs. These combined forces solidify gold's position as a valuable asset in the current
market.
The Company is also pleased to report on its successful participation in the Vancouver
Resource Investment Conference held on January 19-20, 2025. The Company's CEO
engaged in productive meetings with numerous accredited investors, showcasing Molten
Metals' exciting gold exploration projects in Quebec and outlining the Company's strategic
vision for growth.
“The Vancouver Resource Investment Conference provided an excellent platform to
connect with the investment community and share our compelling story,” said Mr. Kwatra.
“We received strong interest in our Quebec-focused exploration strategy, and we are
confident that our ongoing efforts will generate significant value for our shareholders.”
Molten Metals remains committed to proactive investor relations and plans to participate
in several upcoming industry events, including the prestigious Prospectors and
Developers Association of Canada (PDAC) convention. These conferences offer valuable
opportunities to:
• Increase awareness: Showcase the Company's promising gold projects and
exploration potential to a wider audience of investors and industry professionals.
• Build relationships: Foster relationships with existing and potential investors,
analysts, and key stakeholders in the mining sector.
• Stay informed: Gain insights into the latest industry trends, technologies, and best
practices.
“We believe that consistent and transparent communication is crucial to our success,”
added Mr. Kwatra. “By actively engaging with the investment community at key industry
events, we aim to further strengthen Molten Metals' profile and attract the capital
necessary to advance our exploration programs.”
The Company also announces the closing of its previously announced private placement
of units (the “Offering”) at a price of $0.40 per unit (“Unit”). The Company raised
$489,000 in gross proceeds through the issuance of 1,222,500 Units. Each unit consists
of one common share of the Company and one-half of one transferable share purchase
warrant (a “Warrant”) of the Company. Each whole Warrant will entitle the holder to
purchase an additional common share of the Company at an exercise price of $0.70 for
a period of 2 years from the date of issuance. The proceeds will be used towards
exploration at the Company’s projects, potential acquisitions, marketing and awareness
campaigns, and general working capital. All securities issued pursuant to the Offering are
subject to a hold period of four (4) months plus one (1) day from the date of issuance and
the resale rules of applicable securities legislation.
In connection with the Offering, the Company paid finder’s fees to certain qualified non-
related parties totaling C$34,230 and 85,575 broker warrants (each a “Broker Warrant”).
Each Broker Warrant entitles the holder to acquire one half of one common share at
C$0.70 for two (2) years from the date of issue, in accordance with the policies of the
Canadian Securities Exchange (the “Exchange”).
Qualified Person
The technical contents of this news release has been reviewed and approved by Deepak
Varshney, P.Geo., a qualified person as defined by National Instrument 43-101.
About Molten Metals Corp.
Molten Metals Corp. is a North American mineral acquisition and exploration company
focused on the development of quality properties that are drill-ready with high-upside and
expansion potential.
This news release does not constitute an offer to sell or a solicitation of an offer to buy
securities in the United States. The securities referred to herein have not been and will
not be registered under the United States Securities Act of 1933, as amended (the “U.S.
Securities Act”) or any state securities laws and may not be offered or sold within the
United States or to U.S. persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such registration is available. This
news release shall not constitute an offer to sell or the solicitation of an offer to buy in the
United States or to, or for the account or benefit of, persons in the United States or U.S.
Persons nor shall there by any sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
MOLTEN METALS CORP.
Rishi Kwatra
Chief Executive Officer
Molten Metals Corp.
604.760.3999
The CSE has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release.
Forward-looking Statements
Certain information contained herein constitutes “forward-looking information” under
Canadian securities legislation. Generally, forward-looking information can be identified
by the use of forward-looking terminology such as “will” or variations of such words and
phrases or statements that certain actions, events or results “will” occur. Forward-looking
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statements are made and they are from those expressed or implied by such forward-
looking statements or forward-looking information subject to known and unknown risks,
uncertainties and other factors that may cause the actual results to be materially different,
including receipt of all necessary regulatory approvals. Although management of the
Company have attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking statements or forward-looking
information, there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on forward-
looking statements and forward-looking information. The Company will not update any
forward-looking statements or forward-looking information that are incorporated by
reference herein, except as required by applicable securities laws.