Business
Supreme Critical Metals Options Gold Springs 1 Property, Lincoln County, Nevada
VANCOUVER, BC / ACCESS Newswire / November 4, 2025 / Supreme Critical Metals Inc., (CSE:CRIT) (FWB:VR6) (OTC PINK:VRCFF) ("Supreme" or the "Company") is pleased
About this update from Maverick Gold And Silver Corporation
[{"type":"text","content":" VANCOUVER, BC / ACCESS Newswire / November 4, 2025 / Supreme Critical Metals Inc., (CSE:CRIT) (FWB:VR6) (OTC PINK:VRCFF) (\"Supreme\" or the \"Company\") is pleased to announce that it has acquired an option to earn a 100% interest in the Gold Springs 1 Property (the \"Property\" or \"Gold Springs 1\"), located in Stateline Mining District, Lincoln County, Nevada, USA (the \"Transaction\") for cash consideration of US$250,000. The Company has entered into an arms-length agreement whereby Stockworks Agency Inc. (\"Stockworks\") will assign to it an option agreement dated October 9, 2025, (the \"Option Agreement\") between Stockworks and Nevada Select Royalty, Inc. (\"Nevada Select\"), a Nevada-based precious metals property holding and royalty company that is a wholly owned subsidiary of Gold Royalty Corp. The closing of the Transaction is expected to occur on or about November 15, 2025 (the \"Closing\"). At Closing and subject to approval of the CSE, the Company will pay to Stockworks 1,250,000 common shares at a deemed price of $0.21 per share. Option Terms Under the terms of the Option Agreement, Supreme may acquire a 100% interest in the Property by completing the following cash payments totaling US$250,000 to Nevada Select over a four-year period: US$15,000 on the Effective Date (October 9, 2025) US$25,000 on or before the first anniversary US$45,000 on or before the second anniversary US$75,000 on or before the third anniversary US$90,000 on or before the fourth anniversary Upon exercise of the Option, Nevada Select will retain a 3.0% net smelter returns (\"NSR\") royalty on all mineral production from the Property. The Option Agreement allows for standard exploration rights during the option period, including surface access, geochemical sampling, geophysics, mapping, and drilling, consistent with U.S. Bureau of Land Management regulations. \"The Gold Springs 1 acquisition advances our disciplined strategy to build a diversified North American portfolio across silver, copper, uranium, and gold,\" said George Tsafalas, Interim CEO & Director of Supreme Critical Metals. \"Nevada is among the world's most mining-friendly jurisdictions, and Gold Springs 1 represents an early-stage exploration opportunity within a well-documented mineralized belt, and we'll begin fieldwork to rank drill targets now, with a view to a 2026 pr...