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Live Energy Minerals Announces Amending Agreement with US Critical Metals for McDermitt East Lithium Project
Vancouver, British Columbia--(Newsfile Corp. - October 17, 2025) - Live Energy Minerals Corp. (CSE: LIVE) (OTC Pink: GTREF) ("LIVE" or the "Company"), together with its wholly owned subsidiary Lithium Valley Holdings Corp. ("LVH"), is pleased to announce that it has entered into an amending agreement dated October 3, 2025 (the "Amendment") with US Critical Metals Corp. ("USCM"), and its subsidiary US Energy Metals Inc. ("USEM"), to restructure the terms of the existing Exploration and Option to.
About this update from Live Energy Minerals Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - October 17, 2025) - Live Energy Minerals Corp. (CSE: LIVE) (OTC Pink: GTREF) ("LIVE" or the "Company"), together with its wholly owned subsidiary Lithium Valley Holdings Corp. ("LVH"), is pleased to announce that it has entered into an amending agreement dated October 3, 2025 (the "Amendment") with US Critical Metals Corp. ("USCM"), and its subsidiary US Energy Metals Inc. ("USEM"), to restructure the terms of the existing Exploration and Option to Enter Joint Venture Agreement dated September 15, 2023 (the "Original Agreement") relating to the McDermitt East Lithium Project (the "Project").","length":725,"tagName":"p"},{"type":"text","content":"Under the Amendment, LIVE and LVH have agreed to replace the joint venture and earn-in structure with a direct path for USCM/USEM to acquire a 100% interest in the Project on the following terms:","length":195,"tagName":"p"},{"type":"text","content":"Payment I — Initial Acquisition (50% Interest):","length":47,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"C$25,000 cash payable within 10 business days of execution;","length":59,"tagName":"p"}]},{"val":[{"type":"text","content":"1,283,000 common shares of USCM issued to LIVE/LVH within 10 business days of execution.","length":88,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":147,"olType":false},{"type":"text","content":"Payment II — Final Acquisition (Remaining 50% Interest):","length":56,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"C$25,000 cash payable within 6 months;","length":38,"tagName":"p"}]},{"val":[{"type":"text","content":"C$500,000, payable in USCM common shares, cash, or a combination thereof (at USCM/USEM's election), within 24 months of execution.","length":134,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":172,"olType":false},{"type":"text","content":"Upon completion of these payments, USCM/USEM will hold a 100% interest in the Project, subject to a retained royalty. LIVE and LVH will retain a 2% Net Smelter Returns (NSR) royalty on future production from the Project. USCM/USEM will have the right to buy back 1% of the NSR for C$1,000,000.","length":293,"tagName":"p"},{"type":"text","content":"In addition, Live ...