Rt Minerals Corp. Announces Acquisition of a Nickel-Chromium-Cobalt-Copper Property Within the Abitibi Greenstone Belt of Northeastern Ontario and Proposed Private Placement
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W W W. R T M C O R P. C O M
RT MINERALS CORP. ANNOUNCES ACQUISITION OF A NICKEL-CHROMIUM-COBALT-COPPER PROPERTY
WITHIN THE ABITIBI GREENSTONE BELT OF NORTHEASTERN ONTARIO
AND PROPOSED PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Vancouver, B.C. – June 13, 2023 – RT Minerals Corp. (TSXV: RTM) (OTC Pink: RTMFF) (the “Company” or
“RTM”) announces that it has entered into an agreement (the “Agreement”) to acquire a 100% interest in
51 mineral claims (the “Property”) in Sheba Township in the Abitibi Greenstone belt, located within the
Superior Province, 70 km southeast of Timmins, Ontario (Figure 1) for consideration of $3,000 and 250,000
common shares of the Company. The Agreement is subject to the acceptance of the TSX Venture Exchange
(the “TSXV”).
The Property is divided into three blocks: Sheba North (23 claims), Sheba South (15 claims) and Sheba East
(13 claims). The blocks are prospective for copper (Cu), nickel (Ni), cobalt (Co), chromium (Cr), platinum
(Pt), and palladium (Pd) mineralization (MNDM files 42A02SE2019).
Previous exploration activities by other operators on the west border of the Sheba South block
encountered samples taken from outcrop containing 0.19% Cu, 0.14% Ni and 0.34% Cr. In addition to these
samples, further samples were historically taken within the same ultramafic Pyroxenite -peridotite
assemblages on the Sheba South block which returned highly anomalous Cu, Ni and Cr values from
outcrop. Whole rock analysis of these units appears substantiall y identical to the peridotites and
associated Ni mineralization that occurs in Langmuir Township, 36 km on trend to the northwest.
The pyroxenites-peridotites exhibit strong magnetic signatures and the Sheba North and Sheba East blocks
cover extensive geop hysical magnetic anomalies that are currently interpreted as peridotite intrusive
bodies within the volcanic stratigraphy of the Abitibi Greenstone belt. The Sheba East anomaly is shown
in Figures 2 and 3 (MNDM files M82050, M82049, M82031, M82032 and M82056).
In addition, geochemical soil surveys indicate that the Sheba East block is covered by widespread
anomalous Cu and Ni concentrations in soils (MNDM files 42-A02NE2002) (Figure 4).
The exploration programs contemplated on the three blocks are potentially eligible under the Federal
Government of Canada’s flow-through shares and Critical Minerals exploration tax credit programs. The
acquisition of the Sheba property expands the Company’s portfolio of 100% owned critical mineral and
gold exploration projects to 13. Work permitting programs have been submitted on 7 of the properties for
the 2023 and 2024 exploration years.
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Qualified Person
The technical information contained in this news release has been reviewed and approved by Mr. Garry
Clark, P .Geo., a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for
Mineral Projects.
Proposed Private Placement
The Company proposes to undertake a non -brokered private placement (the “Offering”) to raise gross
proceeds of $100,000 through the sale of 1,000,000 units (each, a “Unit”) of the Company at a price of
$0.10 per Unit. Each Unit consists of one common share and one-half of a share purchase warrant, with
each whole warrant exercisable into one further common share at a price of $0.12 for a term of 12 months.
The warrants will be transferrable, and all securities issued will be subject to a statutory hold period of
four months and one day.
The proceeds from the Offering will be used for general working capital. The Offering is subject to the
approval of the TSXV.
A director of the Company will acquire securities under the Offering, which will be considered a "related
party transaction" as defined under Multilateral Instrument 61 -101 ("MI 61-101"). Such participation is
expected to be exempt from the formal valuation and minority shareholder approval requirements of MI
61-101.
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RTM Engages Caram Media Inc.
The Company has retained the services of Caram Media Inc. (“ Caram”) to perform advertising and
marketing activities for the Company. Caram provides targeted investor outreach to increase investor
awareness of its clients through retail targeted content distribution, institutional outreach and email
campaign services. Caram is owned by Mr. Gaelen R. Carson, founder and CEO and the servic es will be
provided by Mr. Carson. As compensation, the Company has agreed to pay Caram $22,500 for a 90 day
term. The agreement is subject to the acceptance of the TSXV.
Mr. Carson states: “We are very pleased to have our marketing services engaged by RT Minerals Corp. The
main Rare Earth Elements and Critical Minerals are an integral part of the electrification and technological
advances of today’s society, and we believe RT Minerals is strategically positioned to capitalize on this long
runway of growth. Caram’s innovative media strategies, advanced technologies, and creative solutions will
be leveraged to amplify RT Minerals' message, enhance their brand presence, and generate exposure, in a
cost-effective manner. We are excited to contribute to RT Minerals' initiatives on this transformative
journey."
About RT Minerals Corp.
RT Minerals Corp. is a junior exploration company listed on the TSX Venture Exchange under the symbol
“RTM”. The Company holds a 100% interest, largely royalty-free, in a portfolio of rare earth element, gold
and base metal properties in Ontario. The Company also holds an option to acquire a 100% interest in the
Link-Catharine RLDZ gold property located 22 km south-southeast of the town of Kirkland Lake, Ontario.
Ireland Property (Rare Earth Element – Case Batholith) is a royalty free 52 claim block covering an inferred
carbonatite complex (the “Ireland Complex”) located in Ireland Township, 45 km northeast of Smooth Rock
Falls, Ontario. The Ireland Complex is 100% owned by RTM and is approximately 4.0 km long, 2.8 km wide,
oval shaped and is positioned alo ng a southern extensional splay fault contained within the Kapuskasing
Structural Trend. The Kapuskasing Structural Trend contains several well documented carbonatite
complexes that contain Niobium, Iron, Titanium and Rare Earth Element resources within va rious
assemblages of carbonatite rocks.
Case Batholith Group 1 (Rare Earth Element) consists of 90 claims covering the Case Batholith centered
on Heighington Township, 85 km northeast of Cochrane, Ontario. The Case Batholith properties are 100%
owned and royalty free. The properties occur within the boundaries of the Case Batholith and are
specifically located in Heighington, Kenning, Sequin, and Case Townships. Five properties are situated 12
km north of the Power Metals Case Lake lithium/cesium discovery in Steel Township.
Case Batholith Group 2 (Rare Earth Element) consists of four properties (113 claim blocks) that are 100%
owned and certain of the claims are subject to a 2% NSR royalty, within the boundaries of the Case
Batholith in northern Ontario. The four properties are located in Agassiz township (29 claims), Potter
township (51 claims), Seguin/Challies township (14 claims) and Bragg township (19 claims). The properties
are located to the northwest of Power Metals Corp. Case Lake lithium/cesium discovery in Steel township,
Ontario. All of the claim blocks have been acquired on the basis of magnetic signatures resembling east -
west trending pegmatitic dykes and laccolith structures contained within the tonalite/granodiorite rock
assemblages of the Case Batholith.
Kendrey Property (Rare Earth Element) consists of 32 claims in the Kendrey and Colquhoun Townships
located 14 km southeast of Smooth Rock Falls, Ontario that are 100% owned and royalty free. The property
covers what appears to be a large, inferred carbonatite complex that is prospective for rare earth elements,
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specifically niobium. The intrusive is approximately 2.8 km wide and 2.7 km long. It is positioned along a
southeastern extensional splay fault belonging to the Kapuskasing Structural Trend.
Kenogaming, Pharand I and Pharand II Properties (Nickel, Chromium, Cobalt) consists of 38 claim blocks
that are 100% owned and certain of the claims are subject to a 2% NSR royalty.
Nordica Property (Cu, Ni, Co, Cr, Pd) consists of 34 claims in Nordica Township that cover the ultramafic
layered Nordica Intrusive Complex in the Abitibi Greenstone Belt. The Company acquired 100% interest in
14 of the claims through map staking and 20 of the claims are under a purchase and sale agreement
pending acceptance by the TSXV.
Galna / Moody Property (Cu, Ni, Co, Cr) consists of four separa te claim blocks totalling 24 cells in the
Galna and Moody Townships, located 35 km east of Iroquois Falls, Ontario. The Company acquired 100%
interest in the property by map staking.
Sheba (Cu, Ni, Co, Cr, Pt) consists of 54 claims in Sheba Township in the Abitibi Greenstone belt, located
within the Superior Province, 70 km southeast of Timmins, Ontario.
Timmins Property (Base Metals) is a royalty free 16-claim block located approximately 50 km southeast
of Timmins, Ontario, and is 100% owned by RTM. The property features several mineralized fault systems
that suggest proximity to a base metal source.
Link-Catharine RLDZ Property (Gold) is comprised of fifteen unpatented single cell mining claims with a
total area of 220 hectares in one claim block. The Link-Catharine property is located 22 km south-southeast
of the town of Kirkland Lake, Ontario. RTM has an option to earn a 100% interest in this property subject
to a 2% NSR.
Milligan Property (Gold) is a royalty free 16 -claim block located approximately 75 km northeast of
Timmins, Ontario, and is 100% owned by RTM. The Milligan property covers the southeast extension of
the volcanic stratigraphy hosting the Eastford Lake gold discovery of 142.2 g/t Au over 3.0 m announced
by Explor Resources in 2009.
Blakelock Property (Gold) is a royalty free 9 -claim block located approximately 75 km northeast of
Cochrane, Ontario, and is 100% owned by RTM. The property is host to a massive east -west trending
magnetic high intrusive complex that was subject to limited drilling in 1967.
Mcquibban Property (Gold) is a royalty free 19 -claim block located approximately 50 km north of
Cochrane, Ontario, and is 100% owned by RTM. The property hosts a strong 3.0 km long east-west trending
inferred oxide facies banded iron formation, in which one historical drill hole e ncountered a gold
mineralized interval of 5.47 g/t Au over 1.2m.
For more information on the Company and its properties, please visit the Company’s website at
www.rtmcorp.com.
FOR FURTHER INFORMATION CONTACT:
Douglas J. Andrews, B.Sc., M.Sc. President and Chief Executive Officer, RT Minerals Corp.
Telephone: 604-681-3170 Fax: 604-681-3552
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Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release. Forward -Looking
Statements This news release contains certain forward -looking statements, which relate to futur e events or future
performance and reflect management’s current expectations and assumptions. Such forward -looking statements
reflect management’s current beliefs and are based on assumptions made by and information currently available to
the Company. Readers are cautioned that these forward -looking statements are neither promises nor guarantees,
and are subject to risks and uncertainties that may cause future results to differ materially from those expected
including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration
and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in
obtaining governmental approvals and permits, and other risks in the mining industry. All the forward -looking
statements made in this news release are qualified by these cautionary statements and those in our continuous
disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date
hereof and the Company does not assume any obligation to update or revise them to reflect new events or
circumstances save as required by applicable law.
THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL SECURITIES AND
THE COMPANY IS NOT SOLICITING AN OFFER TO BUY THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE
NOT BEEN REGISTERED UNDER THE UNITED STATES SE CURITIES ACT OF 1933, AS AMENDED, OR ANY STATE
SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS
REGISTERED OR EXEMPT THEREFROM.