Nuvau Minerals Announces Satisfaction of Post-Closing Payment to Glencore Under Earn- In Agreement
Nuvau Minerals Announces Satisfaction of
Post-Closing Payment to Glencore Under Earn-
In Agreement
Toronto, Ontario--(Newsfile Corp. - May 4, 2026) - Nuvau Minerals Inc. (TSXV: NMC) (the "
Company
" or
"
Nuvau
") is pleased to announce that, further to its news release dated March 2, 2026, it has satisfied
its post-closing payment under the second amended and restated earn-agreement dated January 28,
2026 (the "
Earn-In Agreement
") among the Company, Nuvau Minerals Corp. and Glencore Canada
Corporation ("
Glencore
"), pursuant to which the Company acquired (the "
Earn-In Transaction
") from
Glencore its interest in certain properties comprising the Matagami mining camp (collectively, the
"
Property
"), located in the Abitibi region of central Québec, Canada.
In satisfaction of the aggregate payment of $10,000,000 to Glencore under the Earn-In Agreement, the
Company: (i) paid $5,000,000 in cash, and (ii) issued 6,325,910 common shares in the capital of the
Corporation (the "
Payment Shares
") at a deemed issue price of $0.7904 per Payment Share for the
remaining $5,000,000.
The issuance of the Payment Shares was subject to final acceptance of the TSX Venture Exchange. The
Payment Shares are subject to a four-month and one day hold period under applicable Canadian
securities laws.
For more information regarding the Earn-In Transaction, please refer to the Earn-In Agreement, a copy of
which has been filed and is available on SEDAR+ (
www.sedarplus.ca
) under the Company's issuer
profile.
About Nuvau
Nuvau is a Canadian mining and exploration company advancing a historic mining camp toward a
production restart while generating new critical metal and gold discoveries. Its flagship asset is the past-
producing Matagami mining district in the Abitibi region of Québec. Nuvau controls a 1,380 square
kilometre land package and benefits from access to permitted mining infrastructure, including an option
on a 3,000 tpd concentrator. The Company's strategy is to combine district-scale exploration targeting
zinc-copper VMS deposits and newly recognized gold potential with resource growth and project
development.
For further information please contact:
Christina McCarthy
Chief Executive Officer, Nuvau Minerals
Telephone: 416-712-6151
Email:
Cautionary Statements
This news release contains forward-looking statements and forward-looking information (collectively,
"
forward-looking statements
") within the meaning of applicable securities laws. Any statements that
are contained in this news release that are not statements of historical fact may be deemed to be
forward-looking statements. Forward-looking statements are often identified by terms such as "may",
"should", "anticipate", "will", "estimates", "believes", "intends", "expects" and similar expressions
which are intended to identify forward-looking statements. More particularly and without limitation, this
news release contains forward-looking statements concerning: the receipt of any required stock
exchange and other regulatory approvals, including final acceptance of the TSX Venture Exchange;
and the ability of the Company to advance the Property to production decision. Forward-looking
statements are not a guarantee of future performance and are based upon a number of estimates and
assumptions of management, in light of management's experience and perception of trends, current
conditions and expected developments, as well as other factors that management believes to be
relevant and reasonable in the circumstances. Readers are cautioned that assumptions used in the
preparation of any forward-looking statements may prove to be incorrect. Events or circumstances
may cause actual results to differ materially from those predicted as a result of numerous known and
unknown risks, uncertainties and other factors, many of which are beyond the control of the Company.
Factors that could cause actual results to differ materially from such forward-looking statements are
set out in the Company's public disclosure record available on SEDAR+ (
www.sedarplus.ca
) under the
Company's issuer profile. Readers are further cautioned not to place undue reliance on any forward-
looking statements, as such information, although considered reasonable by the management of the
Company at the time of preparation, may prove to be incorrect and actual results may differ materially
from those anticipated.
The forward-looking statements contained in this news release are made as of the date of this news
release, and are expressly qualified by the foregoing cautionary statement. Except as expressly
required by securities law, the Company does not undertake any obligation to update publicly or to
revise any of the included forward-looking statements, whether as a result of new information, future
events or otherwise.
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 news release. No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information contained herein.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
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