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Metal Energy Announces Additional Strategic Investor: Teck Acquires 9.9% Equity Interest to Fund Exploration on the NIV Property in BC
Toronto, Ontario--(Newsfile Corp. - December 12, 2025) - Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) (the "Company" or "Metal Energy") is pleased to announce that Teck Resources Limited ("Teck") will make a strategic investment in Metal Energy and becomes a 9.9% shareholder, joining Centerra Gold Inc. ("Centerra"), who will also hold a 9.9% strategic interest. "We are pleased to welcome Teck as our second strategic investor in Metal Energy. Having one major mining company already on our...
About this update from Metal Energy Corp
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - December 12, 2025) - Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) (the "Company" or "Metal Energy") is pleased to announce that Teck Resources Limited ("Teck") will make a strategic investment in Metal Energy and becomes a 9.9% shareholder, joining Centerra Gold Inc. ("Centerra"), who will also hold a 9.9% strategic interest.","length":415,"tagName":"p"},{"type":"text","content":""We are pleased to welcome Teck as our second strategic investor in Metal Energy. Having one major mining company already on our register provides meaningful validation, adding a second reinforces that confidence. We look forward to having Centerra and Teck form a joint technical advisory committee and believe Teck's long track record in base metals in British Columbia is an excellent complement to Centerra's focus on gold operations in the region. It's worth underscoring how rare it is to have two major mining companies invest in an undrilled asset. Their participation reflects both the quality of the targets and the exceptional work of Charlie Greig and Alex Walcott in advancing this opportunity.","length":724,"tagName":"p"},{"type":"text","content":""With this financing fully subscribed and two major mining companies now aligned with us, we hope the broader mining investment community will take notice of Metal Energy and NIV as our team moves toward its next objective of delivering another discovery in the region," said Stephen Stewart, Chairman of Metal Energy.","length":328,"tagName":"p"},{"type":"text","content":"Strategic Investments by Teck and Centerra","length":42,"tagName":"p"},{"type":"text","content":"Teck and Centerra are each expected to subscribe for 4,442,000 shares of the total (i) 8,880,000 common shares to be issued on a premium flow-through basis (each, an "FT Share") at a price of C$0.73 per FT Share; and (ii) 6,200,000 common shares (each, a "Share") at a price of C$0.45 per Share. Following completion of the Offering, each of Teck and Centerra are expected to own approximately 9.9% of Metal Energy's issued and outstanding common shares. In connection with the closing of the Offering, the Company will enter into an investor rights agreement with Teck, substantially on par with the investor righ...