Business
Intrepid Metals Extends Expiry Date of Warrants by 90 Days
Vancouver, British Columbia--(Newsfile Corp. - December 10, 2025) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") announces...
About this update from Intrepid Metals Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 10, 2025) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") announces that the Company intends to extend the exercise period of a total of 19,046,764 share purchase warrants, all of which are exercisable at $0.45 per common share (collectively, the "Warrants") by 90 days. The Warrants were issued pursuant to private placements that closed on January 5, 2024 and January 24, 2024, respectively. The Company proposes to extend the expiry dates for (i) 9,499,999 of the Warrants, originally issued on January 5, 2024, to April 5, 2026 and (ii) 9,546,765 of these Warrants, originally issued on January 24, 2025, to April 24, 2026. All other terms and conditions of the Warrants remain unchanged. The Warrant extension is subject to acceptance by the TSX Venture Exchange ("TSX-V").","length":908,"tagName":"p"},{"type":"text","content":"A total of 9,146,567 Warrants are held by parties who are "related parties" of the Company. Therefore, the amendment of Warrants constitutes a "related party transaction" as contemplated by Multilateral Instrument 61-101 - Protection of Minority Shareholders in Special Transactions ("MI 61-101"), and TSX-V Policy 5.9 - Protection of Minority Shareholders in Special Transactions. However, the exemptions from formal valuation and minority approval requirements provided for by these guidelines can be relied upon as the fair market value of the Warrants does not exceed 25% of the market capitalization of the Company. The Company did not file a material change report related to this transaction more than 21 days before the expected closing of the Warrant Extension as required by MI 61-101 since the decision to extend the warrants was made on an expedited basis for sound business reasons.","length":925,"tagName":"p"},{"type":"text","content":"About Intrepid Metals Corp.","length":27,"tagName":"p"},{"type":"text","content":"Intrepid Metals Corp. is a Canadian company focused on exploring for high-grade essential metals such as copper, silver, and zinc mineral projects in proximity to established mining jurisdictions in southeastern Arizona, USA. The Company has acquired or has agreements to acquire several drill ready projects, including the Corral Copper Proje...