Nine Mile Continues Wedge Project Option with First Anniversary Payments
09 Februar 2024 - 10:00PM
NINE MILE METALS LTD. (
CSE: NINE, OTCQB:
VMSXF, FSE: KQ9) (the “
Company” or
“
Nine Mile”) announces that it has made payments
under its option to Purchase 100% of Wedge Project, dated February
9, 2023, (the “
Option”) with Slam Exploration Ltd.
(“
Slam”). The Option and payments were previously
announced on February 16, 2023.
The Company has issued 200,000 common shares at
a deemed price of $0.08 per share, in accordance with the Option.
Slam and the Company have agreed to convert the $20,000 cash
payment owing under the Option to units as part of the Company’s
recently announced private placement.
All securities issued will be subject to a four
month and a day hold period.
About Nine Mile Metals
Ltd.:
Nine Mile Metals Ltd. is a Canadian public
mineral exploration company focused on Critical Minerals
Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the
world-famous Bathurst Mining Camp, New Brunswick, Canada. The
Company’s primary business objective is to explore its four VMS
Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing
Lake (East–West) VMS and our new Wedge VMS
Projects. The Company is focused on Critical Minerals
Exploration (CME), positioning for the boom in EV and green
technologies requiring Copper, Silver, Lead and Zinc with a hedge
with Gold.
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ON BEHALF OF NINE MILE METALS LTD.
“Patrick J. Cruickshank, MBA”CEO and Director T: (506) 804-6117
E: patrick@ninemilemetals.com
Forward-Looking Information:
This press release may include forward-looking
information within the meaning of Canadian securities legislation,
concerning the business of Nine Mile. Forward-looking information
is based on certain key expectations and assumptions made by the
management of Nine Mile. In some cases, you can identify
forward-looking statements by the use of words such as “will,”
“may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,”
“believe,” “estimate,” “predict,” “potential,” “continue,”
“likely,” “could” and variations of these terms and similar
expressions, or the negative of these terms or similar expressions.
Forward-looking statements in this press release include that Slam
and the Company have agreed to convert the $20,000 cash payment
owing under the Option to units as part of the Company’s recently
announced private placement. Although Nine Mile believes that the
expectations and assumptions on which such forward-looking
information is based are reasonable, undue reliance should not be
placed on the forward-looking information because Nine Mile can
give no assurance that they will prove to be correct.
The Canadian Securities Exchange (CSE)
has not reviewed and does not accept responsibility for the
adequacy or the accuracy of the contents of this
release.
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