Western Metallica Announces Termination of Debt Settlement Agreements
Western Metallica Announces Termination of Debt Settlement Agreements
TORONTO--(BUSINESS WIRE)--September 2, 2025--Western Metallica Resources Corp.
(TSXV: WMS) (“Western Metallica” or the “Company”) announces that it will not be
proceeding with the debt settlement agreements previously announced (see News Release dated
August 15, 2025). The Company continues to be indebted to its CEO Mr. Greg Duras in relation
to a CAD$300,000 bridge loan previously advanced by Mr. Duras (see press releases dated
January 16, 2025, March 26, 2025 and July 28, 2025).
About Western Metallica Resources Corp.
Western Metallica is an Ontario registered company with its head office in Toronto, Ontario,
trading on the TSXV under symbol WMS. Western Metallica is in the business of mineral
resource exploration. Its project interests include its 100% owned Nueva Celti Copper Property
in Andalusia, Spain, and three other gold projects located in the “Navelgas Gold Belt” in
Asturias, Spain (Penedela, Valledor and Sierra Alta). Further information can be found at:
www.westernmetallicacorp.com
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.
Disclaimer for Forward-Looking Information
Certain statements in this press release related to the terminated Debt Settlement and the bridge loan are
forward-looking statements and are prospective in nature. Forward-looking statements are not based on
historical facts, but rather on current expectations and projections about future events, and are therefore
subject to risks and uncertainties which could cause actual results to differ materially from the future
results expressed or implied by the forward-looking statements. These statements generally can be
identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”,
“estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar
variations. Forward-looking statements in this news release include statements regarding the Debt
Settlement and receipt of the approval of the TSXV. Such statements are qualified in their entirety by the
inherent risks and uncertainties surrounding the Company’s ability to complete the Debt Settlement,
including the risk that the Debt Settlement may not be completed as expected or at all, that the TSXV may
not approve the Debt Settlement and such other factors beyond the control of the Company. Such forward
looking statements should therefore be construed in light of such factors, and the Company is not under
any obligation, and expressly disclaims any intention or obligation, to update or revise any forward
looking statements, whether as a result of new information, future events or otherwise.
Contacts
Western Metallica Resources Corp.
Gregory Duras
Chief Executive Officer
+1 416 576-3136
Email: [email protected]