Mr. George Tsafalas reports
SUPREME CRITICAL METALS INC. ANNOUNCES AMENDMENT TO URANIUM PROPERTY OPTION, RELINQUISHES NICKEL PROPERTY
Supreme Critical Metals Inc. has amended the terms of its arm's-length option with Yellow Chief Uranium Inc., dated June 26, 2024. The parties agreed that all cash and work obligations payments would be deleted from the option, with the company only needing to issue another eight million shares in order to obtain a 100-per-cent interest in the Yellow Chief properties. The company plans to issue four million shares immediately, with the final four million shares due in one year.
The Yellow Chief properties consist of five claims covering 3,513.2 hectares in Saskatchewan and 28 claims covering 130.1 hectares in Utah. The Utah property consists of a portion of the former Yellow Chief mine, which was developed from 1959 to 1962 as an open-pit mine.
Supreme also announced it has relinquished its interest in the Saguenay nickel project, found in the province of Quebec. The decision follows a thorough strategic review and aligns with the company's long-term objectives to focus on assets with a clear and sustainable path to production.
About Supreme Critical Metals Inc.
Supreme Critical Metals is a publicly traded diversified investment corporation actively exploring and investigating multiple opportunities in lithium, copper, silver and precious metals. The company adheres to strategic guidelines that prioritize regions conducive to mining, supported by favourable government regulations and existing infrastructure.
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