M3 Announces Closing on Sale of Texas Springs
M3 Announces Closing on Sale of Texas
Springs
West Vancouver, British Columbia--(Newsfile Corp. - August 27, 2025) -
M3 Metals Corp. (TSXV: MT)
(OTCQB: MLGCF) (FSE: X0V
)
(the "Company" or "M3 Metals")
has closed its previously
announced agreement to sell the remaining 50% interest in the Texas Springs Claims, by receiving
1,200,000 common shares of Surge Battery Metals Inc. ("Surge Battery").
By way of background, effective July 26, 2023, the Company entered into a mineral property option and
joint venture agreement (the "M3M Option Agreement") with Surge Battery, an Exchange listed
company. The M3M Option Agreement granted Surge Battery the option to earn up to an 80% interest in
and to (at that time) 253 mineral claims held by M3 ("M3M Texas Springs Claims") that are contiguous
with the Surge Battery's Nevada North Lithium Project.
In August 2024, the Company entered into a mineral property option purchase and sale agreement
("M3M Purchase Agreement") with Surge Battery to dispose the remaining 50% interest held by the
Company for 1,200,000 common shares of Surge Battery. The M3M Purchase Agreement as amended
superseded the M3M Option Agreement, was subject to Exchange approval, and was to terminate if
closing of the M3M Purchase Agreement has not occurred on or before June 30, 2025.
This June 30,
2025 date was extended by way of further amendment to the M3M Purchase Agreement to August 30,
2025.
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 document 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
used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or
"planned", "possible", "potential", "forecast", "intend", "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 including lithium, the accuracy of mineral or
resource exploration activity, reserves or resources, regulatory or government requirements or approvals
including approvals of title and mining rights or licenses and environmental, local community or
indigenous community approvals, the reliability of third party information, continued access to mineral
properties or infrastructure or water, changes in laws, rules and regulations including in Canada, the
United States, Nevada or California or any other jurisdiction which may impact upon the Company or its
properties or the commercial exploitation of those properties, currency risks including the exchange rate
of USD$ for Cdn$ or other currencies, fluctuations in the market for lithium related products, changes in
exploration costs and government royalties, export policies or taxes in the United States or any other
jurisdiction and other factors or information. The Company's current plans, expectations, and intentions
with respect to development of its business and of its properties may be impacted by economic
uncertainties arising out of any pandemic or by the impact of current financial and other market
conditions (including US government subsidies or incentives) on its ability to secure further financing or
funding of its properties. Such statements represent the Company's current views with respect to future
events and are necessarily based upon several assumptions and estimates that, while considered
reasonable by the Company, are inherently subject to significant business, economic, competitive,
political, environmental (including endangered species, habitat preservation and water related risks) 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 affecting 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/264167