Penbar Announces Name Change to Eastport Critical Metals Corp.

About this update from Eastport Critical Metals Corp.

[{"type":"text","content":"Penbar Announces Name Change to Eastport Critical Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - December 11, 2025) - Penbar Capital Ltd. (TSXV: EVI) (\"Penbar\" or the \"Company\") is pleased to announce that, further to its press release of November 18, 2025, it will be completing a corporate name change to \"Eastport Critical Metals Corp.\" and will begin trading under its new name at the start of trading on or about Monday, December 15, 2025 on the TSX Venture Exchange. The Company's ISIN and CUSIP numbers will change to CA27778Y1088 and 27778Y108, respectively. The name change is being effected in connection with the previously completed Qualifying Transaction, as defined under TSX Venture Exchange Policy 2.4 - Capital Pool Companies, with Eastport Ventures Inc. and 1001160772 Ontario Ltd., a wholly-owned subsidiary of the Company closed on November 10, 2025. The name change was delayed due to strike action by the British Columbia General Employees' Union, which delayed processing at the British Columbia corporate registry. There is no change to the Company's ticker symbol and no action is required to be taken by shareholders with respect to the name change. Outstanding share and warrant certificates are not affected by the name change and do not need to be exchanged.About Eastport Eastport is a critical minerals development company advancing five projects in Botswana, with cumulative historical and current expenditures approaching $20 million. The Company's most advanced asset is the Matsitama Copper Project, which hosts multiple sizeable targets across the Matsitama copper district. The Company's additional projects include Selebi East, a nickel-copper-cobalt project located seven kilometres east of the historic Selebi Mines; the Semarule Rare Earth Elements Project, positioned within the Gaborone-Molepolole corridor; the Foley Uranium Project, adjoining the Letlhakane uranium deposit; and the Keng Project, which targets nickel, copper and PGE's on the northern margin of the Molopo Farms Complex.Botswana is widely regarded as one of Africa's strongest mining jurisdictions, combining the continent's highest GDP per capita with a 50-year track record of large-scale mineral development since the Orapa diamond discovery in 1967. The country ranks among the top performers globally on the Fraser Institute's Inv...

More updates from Eastport Critical Metals Corp.