Mr. Bruce Counts reports
STORM PROVIDES UPDATE ON MIMINISKA & KEEZHIK OPTION AGREEMENT
Storm Exploration Inc. has provided the following update on the option agreement to acquire a 100-per-cent interest in the Miminiska and Keezhik properties from Landore Resources Canada Inc., a wholly owned subsidiary of Landore Resources Ltd. (see May 10, 2021, news release).
Storm acknowledges that the payment due June 28, 2024, as defined in the amended agreement (see June 6, 2024, news release), was missed. The company is in active discussions with the management of Landore to revise the agreement given the time required to successfully complete an exploration agreement with the Eabametoong First Nation, in whose traditional territory the projects are located (see May 23, 2024, news release).
Bruce Counts, president and chief executive officer of Storm, stated, "I look forward to working with Landore's new management to restructure the agreement in a way that is beneficial to both parties."
About Storm Exploration Inc.
Storm Exploration is a Canadian mineral exploration company focused on the discovery and development of economic precious metal and base metal deposits on four district-scale projects in Northwestern Ontario: Miminiska, Keezhik, Attwood and Gold Standard.
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