Amendment to Option Agreement Between M3M and Surge
Amendment to Option Agreement Between
M3M and Surge
Vancouver, British Columbia--(Newsfile Corp. - September 21, 2023) -
M3 Metals Corp. (TSXV: MT)
(FSE: XOV) ("M3 Metals" or the "Company")
is pleased to announce that the Company and Surge
Battery Metals Inc. ("Surge") have entered into an amendment (the "Amendment") of their option and
joint venture agreement (the "Option Agreement") which was disclosed in the Company's news release
dated July 26, 2023 and whereby the Company optioned certain claims (the "M3M Property") to Surge.
Material terms and conditions of the Option Agreement are disclosed in the July 26, 2023, news release.
The Amendment concerns a number of claims (the "Disputed Claims") totaling approximately 800 acres
in the northeastern part of the M3M Property.
The Company has become aware of a dispute regarding
ownership of the Disputed Claims.
The Amendment provides that the Option Agreement continues to be of full force and effect with the
Company being obligated to defend title to the Disputed Claims and pay costs associated with the
defense.
The Company has been advised that Surge does not view the Disputed Claims as material to the M3M
Property.
Surge has advised the Company that it does not view the Disputed Claims as material to the M3M
Property as they are in the northeastern part and cover unfavourable Paleozoic sediments on the east
and a rhyolite flow-dome complex on the west.
Neither of these rock units, it is believed, are likely to host
the lithium rich claystone that is the target in the main part of Surge's existing claims.
The Option Agreement and the Amendment are subject to the approval of the TSX Venture Exchange.
Adrian Smith, P.Geo., is a Qualified Person as defined by National Instrument 43-101 for the above-
mentioned project. The QP is a member in good standing of the Association of Professional Engineers
and Geoscientists of British Columbia (APEGBC) and the Professional Engineers & Geoscientists
Newfoundland & Labrador (PEGNL) as a registered Professional Geoscientist (P.Geo.). Mr. Smith has
reviewed and approved the technical information disclosed above.
ABOUT M3 METALS CORP.
M3 Metals Corp. is a Canadian listed Company, focused on creating shareholder value through
discoveries and strategic development of mineral properties in North America.
For additional
information please visit M3 Metals website at
www.m3metalscorp.com
. You may also email
or call investor relations at (604) 669-2279.
M3 METALS CORP.
"Kosta Tsoutsis"
Kosta Tsoutsis, CEO
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.
This news release may contain certain "Forward-Looking Statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities
laws.
When or if used in this news release, the words "anticipate", "believe", "estimate", "expect",
"target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking
statements or information.
These forward-looking statements or information may relate to future prices
of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory
or government requirements or approvals, the reliability of third party information, continued access to
mineral properties or infrastructure, currency risks including the exchange rate of US$ for CDN$,
changes in exploration costs and government royalties or taxes in Canada, the United States or other
jurisdictions and other factors or information. Such statements represent the Company's current views
with respect to future events and are necessarily based upon a number of assumptions and estimates
that, while considered reasonable by the Company, are inherently subject to significant business,
economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both
known and unknown, could cause results, performance or achievements to be materially different from
the results, performance or achievements that are or may be expressed or implied by such forward-
looking statements. The Company does not intend, and does not assume any obligation, to update
these forward-looking statements or information to reflect changes in assumptions or changes in
circumstances or any other events affections such statements and information other than as required
by applicable laws, rules and regulations.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/181327