Business
Anteros Metals Provides Corporate Update on Seagull Critical Minerals Project, Ontario
St. John's, Newfoundland and Labrador--(Newsfile Corp. - December 8, 2025) - Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to announce that, further to its news release dated October 9, 2025, the Company and Rift Minerals Inc. ("Rift") are moving ahead with a fully funded and fully permitted January 2026 deep drill program designed to evaluate a previously untested geophysical anomaly at the Seagull Critical Minerals Project (the "Project"), located approximately 80...
About this update from Anteros Metals Inc.
[{"type":"text","content":"St. John's, Newfoundland and Labrador--(Newsfile Corp. - December 8, 2025) - Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to announce that, further to its news release dated October 9, 2025, the Company and Rift Minerals Inc. ("Rift") are moving ahead with a fully funded and fully permitted January 2026 deep drill program designed to evaluate a previously untested geophysical anomaly at the Seagull Critical Minerals Project (the "Project"), located approximately 80 kilometres northeast of Thunder Bay, Ontario. Rift, as Operator, will conduct the drilling on this exploration-stage property, which is being evaluated for platinum group elements (PGEs), nickel, copper, hydrogen, and helium.","length":765,"tagName":"p"},{"type":"text","content":"Anteros has raised a total of $824,530, consisting of $604,530 in flow-through funds and $220,000 in hard-dollar funds, pursuant to the press releases for Tranche 1 (November 3, 2025) and Tranche 2 (November 21, 2025). The Company was granted an option (the "Option") to acquire up to a 49% undivided interest in the Seagull Project.","length":343,"tagName":"p"},{"type":"text","content":"To exercise the Option, Anteros has agreed to:","length":46,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Underwrite the Phase 1 cost of a planned 1,350-metre drillhole (the "Drilling") to earn a contingent 20% interest in the Project ("Phase 1"). Rift has presented a drill plan and a budget of $600,000 to fully execute the Phase 1 deep drillhole;","length":263,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Make a one-time upfront $50,000 cash payment to Rift prior to the commencement of drilling; and","length":95,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Pending Phase 1 results, consider completing a second phase of exploration based on recommendations arising from Phase 1.","length":121,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":479,"olType":false},{"type":"text","content":"The planned deep drillhole is designed to test a low-velocity geophysical anomaly identified by Rift's Ambient Noise Tomography (ANT) survey, located beneath the Seagull mafic-ultramafic intrusion. This anomaly represents a subsurface zone o...