Non-Dilutive Capital Strengthens Transition Metals' Position to Advance Core Projects and Unlock Value Through Strategic Divestitures Company looks to accelerate exploration at Pike Warden and Saturday Night Projects Summer fieldwork plans at Pike Warden to be initiated soon
Non-Dilutive Capital Strengthens Transition
Metals' Position to Advance Core Projects and
Unlock Value Through Strategic Divestitures
Company looks to accelerate exploration at Pike Warden and Saturday Night Projects
Summer fieldwork plans at Pike Warden to be initiated soon
Drilling at Saturday Night to resume in 2025, targeting deeper high-grade PGM zones
Additional value opportunities identified within non-core assets, royalties, and
investments
Sudbury, Ontario--(Newsfile Corp. - July 2, 2025) - Transition Metals Corp. (TSXV: XTM) ("Transition" or
"the Company") is pleased to provide an update following the US$2.5 million (approximately CDN$3.4
million) non-dilutive capital injection through the sale of its interest in the Fostung Property (
see news
release of June 27, 2025
).
Company CEO Scott Mclean commented:
"The proceeds from the Fostung sale have significantly
enhanced our balance sheet without shareholder dilution. This influx of capital will allow us to
aggressively advance exploration on our high-potential Pike Warden and Saturday Night Projects
and allows us to look to continue the unlocking of meaningful value from our strong portfolio of
royalties, investments, and non-core assets. This disciplined approach aligns with our strategy of
delivering sustainable growth and shareholder value in an improving metals market."
Key Projects and Value Drivers for 2025
Pike Warden
The Pike Warden Project, located 65 km south of Whitehorse, Yukon, and within the traditional territory
of the Carcross Tagish First Nation, is an emerging high-grade polymetallic epithermal and porphyry
copper property. The project sits on the northern rim of the Bennett Lake complex—one of Canada's
largest collapsed volcanic calderas—offering a highly prospective geodynamic setting for large-scale
mineral systems.
To date, more than 1,800 rock and soil samples have been collected, returning elevated concentrations
of gold (Au), silver (Ag), copper (Cu), and molybdenum (Mo). Over 25 polymetallic showings have
yielded exceptional assays, including values up to 48.1 g/t Au, 11,270 g/t Ag, 7.49% Cu, and 2.37% Mo.
Advanced geophysical and lineament interpretation, incorporating high-density LiDAR, orthophoto
analysis, geophysics including the recent over 600 line-km of ZTEM data, have defined four primary
large-scale targets—three potential centres for porphyry Cu-Mo systems and one epithermal Au-Ag
system (
see news release dated August 22, 2024
).
Upcoming work at Pike Warden will be announced within the coming weeks once permits and
contractors are secured. Work will be centred around refining and delineating the Copper North and
Copper Junction porphyry targets, as well as the ERT Au-Ag target.
Saturday Night
The Saturday Night Project, located 30 kilometres northwest of Thunder Bay, Ontario, is an emerging
critical metals property. The Project features a large PGM-enriched polymetallic intrusion related to the
Midcontinental Rift. Discovered by the Company in 2016, the Company has completed three drill holes
to date, each intersecting encouraging mineralization. The initial hole (SN-16-01) intersected 6.25 m
grading 1.07 g/t PGEs (Au + Pt + Pd), including 0.30 m at 4.0 g/t PGM, 0.56% Cu, and 0.19% Ni (
see
news release dated January 23, 2017
). Additional geophsyis and modeling since the initial discovery
has expanded the footprint of the host intrusion, which was further tested with two additional holes drilled
in January 2025, returning encouraging mineralization within hole SN-25-02, including 14.00 m at 1.04
g/t PGEs and 0.19% Cu (
see news release dated March 26, 2025
). Hole SN-25-03, which Intersected a
thick package a rift intrusion inclusive of reef-style mineralization, However, to stay within budget, the
hole was terminated at a depth of 830-metres, before being able to reach the ultramafic series and
basal contact, where mineralization was anticipated. These results compare favourably with early-stage
drilling which was conducted at Sunday Lake (
see news release dated May 5, 2020
), affirming the
Saturday Night the project's strong upside potential.
Planned work at Saturday Night will be announced once contractors are secured, with current plans
focused on deepening hole SN-25-03 and conducting additional drilling to test the basal contact of the
intrusion, where thicker accumulations of high-grade basal sulphides are anticipated.
Unlocking Value from Strategic Assets
In addition to its core assets, Transition Metals holds a diversified portfolio of royalties, investments, and
exploration-stage properties across Canada. The recent monetization of the Fostung interest highlights
the potential for realizing substantial value from non-core holdings.
The Company is actively evaluating options for several high-quality assets, including:
Desert Lake
, a district-scale uranium property (Northwest Territories),
Wollaston Copper
, large sediment-hosted Cu-Au system (Saskatchewan),
Gowganda Gold
, an Abitibi lode gold and high-grade silver (Ontario),
Maude Lake
, a high-tenor Ni-Cu system (Ontario),
Jolly Gold
, a district-scale gold and polymetallic property (Ontario).
Transition invites parties interested in discussing, acquiring, or partnering on these or other high-quality
projects within its portfolio to contact the Company.
Qualified Person
The scientific and technical content of this release has been reviewed and approved by Mr. Benjamin
Williams, P.Geo. (PGO), Senior Geologist at Transition Metals Corp. and a Qualified Person as defined
by NI 43-101.
About Transition Metals Corp.
Transition Metals Corp. (TSXV: XTM) is a Canadian-based, multi-commodity explorer. Its award-winning
team of geoscientists has extensive exploration experience which actively develops and tests new ideas
for discovering mineralization in places that others have not looked, often allowing the Company to
acquire properties inexpensively. Joint venture partners earn an interest in the projects by funding a
portion of higher-risk drilling and exploration, allowing Transition to conserve capital and minimize
shareholder's equity dilution.
Cautionary Note on Forward-Looking Information
Except for statements of historical fact contained herein, the information in this news release constitutes
"forward-looking information" within the meaning of Canadian securities law. Such forward-looking
information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects",
"believes", "may", "will" and include without limitation, statements regarding estimated capital and
operating costs, expected production timeline, benefits of updated development plans, foreign exchange
assumptions and regulatory approvals. There can be no assurance that such statements will prove to be
accurate; actual results and future events could differ materially from such statements. Factors that could
cause actual results to differ materially include, among others, metal prices, competition, risks inherent in
the mining industry, and regulatory risks. Most of these factors are outside the control of the Company.
Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise
required by applicable securities statutes or regulation, the Company expressly disclaims any intent or
obligation to update publicly forward-looking information, 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
release.
Further information is available at
www.transitionmetalscorp.com
or by contacting:
Scott McLean
President and CEO
Transition Metals Corp.
Tel: (705) 669-1777
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/257529