Green Bridge Metals Enters LOI to Option Large Bulk Tonnage Copper-Nickel-PGE Serpentine Project, Duluth Complex, Minnesota, USA

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[{"type":"text","content":"Option LOI coincides with the announcement of the Administration's Executive Order: "Immediate Measures to Increase American Mineral Production"","length":158,"tagName":"p"},{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / May 8, 2025 / Green Bridge Metals Corporation (CSE:GRBM)(OTCQB:GBMCF)(FWB:J48) (WKN: A3EW4S) ("Green Bridge" or the "Company") is pleased to announce it has entered into a non-binding Letter of Intent ("LOI") with Encampment Minerals, Inc. ("EMI) with respect to the Serpentine Project (the "Project") located in northern St Louis County, Minnesota, 5 km southeast of the town of Babbitt. The LOI was signed May 8th, 2025. The project hosts a magmatic copper-nickel sulphide deposit, as described in a historical National Instrument (NI) 43-101 ("NI 43-101") Mineral Resource Estimate ("Historical Estimate") which was completed in 2020, with a bulk tonnage Inferred Resource of 277Mt @ 0.37% Copper and 0.12% Nickel and a higher-grade core containing an Indicated Resource of 22Mt @ 0.47% copper, and 0.16% nickel*(Puritch et al., 2020). The Historical Estimate states that it was prepared pursuant to NI 43-101 and in conformity with generally accepted "CIM Estimation of Mineral Resource and Mineral Reserves Best Practices" guidelines. Mineral Resources have been classified in accordance with the"CIM Standards on Mineral Resources and Reserves: Definition and Guidelines".","length":1297,"tagName":"p"},{"type":"text","content":"Under the LOI, the parties will negotiate with a view to entering into a definitive agreement upon which Green Bridge would have the option to acquire up to a 70% interest in the Project on the following basis:","length":210,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Green Bridge would earn a 50% interest by issuing $2,000,000 worth of Green Bridge shares to EMI and funding expenditures equal to $10,000,000 within two years of entering the option agreement ("Closing Date")","length":219,"tagName":"p"}]},{"val":[{"type":"text","content":"Green Bridge would earn an additional 20% interest, for a total interest of 70%, by issuing an additional $4,000,000 worth of Green Bridge shares to EMI, and by funding additional expenditures in the amount of $15,000,0...

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