Storm Retains Altitude Capital
News Release
September 3rd, 2024
TSX-V: STRM
Storm Retains Altitude Capital
Vancouver, B.C., September 3rd, 2024 – Storm Exploration Inc. (TSX-V: STRM) (“Storm” or the
“Company”) today announced it has engaged Altitude Capital Consultants Inc. ("Altitude") led by well
known capital markets practitioner, Michael A. Wekerle.
Bruce Counts, President and CEO stated, "Storm is pleased to be working with Altitude to expand its
capital markets presence. Mr. Wekerle’s experience in capital markets is extensive and he has a
remarkable track record of success in the industry. This engagement will allow Storm to benefit from
his knowledge of the industry as well as his enviable network of investors and financial institutions.
Altitude’s capital markets advice to the Company will be invaluable as we focus our efforts on
advancing the Miminiska gold project, located in northwestern Ontario."
Michael Wekerle believes that Storm’s's Miminiska project is "Perfectly timed to capitalize on current
market conditions, particularly due to the increasing demand for gold as a safe-haven asset. I see the
project's rich mineral potential, coupled with its strategic location in a stable jurisdiction, as aligning
perfectly with the current economic landscape. This, combined with innovative exploration strategies,
makes the Miminiska project a "perfect storm" of opportunity for investors looking to capitalize on
gold's enduring value."
Mr. Wekerle has had a very successful career in capital markets. Early in his career he joined First
Marathon and quickly rose up to become the head trader for the firm, where he was a key player in
Roger's takeover of McLean Hunter in 1994. He then joined GMP (Griffiths McBurney and Partners) as
Vice Chairman of trading, where he was involved with the 1997 initial public offering of Research in
Motion (RIM). In 2012, he formed his own firm, Difference Capital, where he invested in companies
such as Thunderbird Films, Vision Critical, Appinions and HootSuite. Mr. Wekerle is well known for the
4 seasons (seasons 9 through 12) that he was an investor on the Canadian television show, Dragon's
Den.
The Company has granted stock options in accordance with the terms and conditions of its rolling
Stock Option Plan, entitling the purchase of an aggregate two million fifteen thousand common
shares by certain directors, management and consultants to the Company. Each stock option will be
exercisable at $0.07 per common share with one million expiring September 2, 2027 and the
remainder expiring September 2, 2029. The grant of sixty five thousand of the September 2, 2029
expiring options is subject to the approval of the TSX Venture Exchange.
Fort Hope Projects
The Miminiska, Keezhik and Attwood properties are located within the traditional territory of the
Eabametoong First Nation with whom Storm signed an Exploration Agreement see news release dated
May 23rd, 2024 here). The properties projects are located within the Miminiska-Fort Hope greenstone
belt, approximately 350 kilometres north of the city of Thunder Bay, Ontario. Each project has the
potential to host a multi-million-ounce orogenic gold deposit. In addition, the Attwood project also
has the potential to host a significant base metal deposit.
2
The Miminiska property is the Company’s primary focus and hosts drill confirmed, high-grade gold
mineralization at two primary prospects: Miminiska and Frond (refer to Figure 1). Historical assays
include 5.75g/t Au over 20.84m* and 13.95g/t Au over 5.32m* with mineralization hosted in banded
iron formation and associated shear zones.
Figure 1: Miminiska Property
* Historical results have not been independently verified by Storm; and, there is no guarantee that the Company can
reproduce the results in whole or in part. Potential investors should not rely on these historical results when making an
investment decision.
Next Steps
Plans for a financing to support exploration work at the Miminiska prospect will be announced in the
coming days.
About Storm Exploration Inc.
Storm Exploration Inc. is a Canadian mineral exploration company focused on the discovery and
development of economic precious and base metal deposits on four district-scale projects in
northwest Ontario: Miminiska, Keezhik, Attwood and Gold Standard.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy
or accuracy of this release.
3
Forward Looking Information
This news release includes certain information that may constitute “forward-looking information”
under applicable Canadian securities legislation. Forward-looking information includes, but is not
limited to, the Company’s strategic plans, future operations, future work programs and objectives.
Forward-looking information is necessarily based upon a number of estimates and assumptions
that, while considered reasonable, are subject to known and unknown risks, uncertainties, and
other factors which may cause the actual results and future events to differ materially from those
expressed or implied by such forward-looking information. There can be no assurance that such
information will prove to be accurate, as actual results and future events could differ materially
from those anticipated in such information. Accordingly, readers should not place undue reliance
on forward-looking information. All forward-looking information contained in this press release is
given as of the date hereof and is based upon the opinions and estimates of management and
information available to management as at the date hereof. The Company disclaims any intention
or obligation to update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by law.
For further information, please contact:
Storm Exploration Inc.
+1 (604) 506-2804