Business
Anteros Metals Enters Definitive Agreement
St. John's, Newfoundland and Labrador--(Newsfile Corp. - October 9, 2025) - Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to announce that, further to its press release of October 7, 2025, the Company and Rift Minerals Inc. ("Rift") have entered into an option and joint venture agreement (the "Agreement") dated October 8, 2025, pursuant to which the Company has been granted an option (the "Option") to acquire up to a 49% undivided right, title and interest in and to the.
About this update from Anteros Metals Inc.
[{"type":"text","content":"St. John's, Newfoundland and Labrador--(Newsfile Corp. - October 9, 2025) - Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to announce that, further to its press release of October 7, 2025, the Company and Rift Minerals Inc. ("Rift") have entered into an option and joint venture agreement (the "Agreement") dated October 8, 2025, pursuant to which the Company has been granted an option (the "Option") to acquire up to a 49% undivided right, title and interest in and to the in the Seagull Project, a critical minerals exploration stage property targeting platinum group elements (PGEs), nickel, copper, and helium (the "Property"). The Property is located approximately 80 kilometres northeast of Thunder Bay, Ontario.","length":808,"tagName":"p"},{"type":"text","content":"In order to exercise the Option, the Company shall:","length":51,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Underwrite the Phase 1 cost of a 1,350m borehole at the Property (the "Drilling") (estimated at a minimum of $400,000 and up to $600,000 of anticipated exploration costs) to earn a contingent 20% interest in the Property ("First Phase");","length":257,"tagName":"p"}]},{"val":[{"type":"text","content":"Make a one-time up-front cash payment to Rift in the amount of $50,000, such payment to be made before the Drilling is commenced; and","length":133,"tagName":"p"}]},{"val":[{"type":"text","content":"Complete a second phase of exploration pursuant to Phase 1 results and recommendations for a Phase 2 exploration program (the "Second Phase").","length":152,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":542,"olType":false},{"type":"text","content":"Upon completing the Second Phase, the Company and Rift will incorporate a joint venture (the "Joint Venture") which will be governed by a joint venture agreement (the "JV Agreement"). If the Company does not enter into the Joint Venture or commence the Second Phase, the Option will not vest.","length":312,"tagName":"p"},{"type":"text","content":"Upon completion of the First Phase, the Company will own 20% of the Joint Venture and Rift will own 80%. In the event that the Company funds and completes the Second Phase, the Company will acquire an ad...