Business
Nine Mile Metals Maintains Wedge Project Option with Second Anniversary Payments
Toronto, Ontario--(Newsfile Corp. - March 7, 2025) - NINE MILE METALS LTD. (CSE: NINE) (OTCQB: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") announces that it has proceeded with its second anniversary payment under its option to Purchase 100% of the Wedge Project, dated February 9, 2023, (the "Option Agreement") with Slam Exploration Ltd. ("Slam"). The Company has approved and paid the renegotiated Cash Payment of $9,000 and also authorized and issued the ...
About this update from Nine Mile Metals Ltd.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - March 7, 2025) - NINE MILE METALS LTD. (CSE: NINE) (OTCQB: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") announces that it has proceeded with its second anniversary payment under its option to Purchase 100% of the Wedge Project, dated February 9, 2023, (the "Option Agreement") with Slam Exploration Ltd. ("Slam").","length":393,"tagName":"p"},{"type":"text","content":"The Company has approved and paid the renegotiated Cash Payment of $9,000 and also authorized and issued the allotment of 200,000 common shares as part of the Option Agreement with an additional 1,000,000 common shares in lieu of a partial Cash Payment at a deemed price of $0.021 as fully paid and non-assessable to Slam, on the 24th of February 2025. The common shares are subject to a hold period under applicable Canadian securities laws expiring four months and one day from the date of issuance of the shares.","length":515,"tagName":"p"},{"type":"text","content":"The Wedge VMS Project consists of 35.83 km2 including the Wedge Mine, West Wedge, Tribag Targets within the 8km Wedge VMS Exploration Trend. Significant Drill Holes from our 2024 successful New Wedge East Extension highlighted below:","length":233,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":550,"height":550,"url":"https://media.zenfs.com/en/newsfile_64/210856adc20d989481f6e3ffc8c2d60a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/OxVeGDSn5ugNMT3lDo7Fkg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTk2MDtjZj13ZWJw/https://media.zenfs.com/en/newsfile_64/210856adc20d989481f6e3ffc8c2d60a","width":550,"height":550}},"href":"https://images.newsfilecorp.com/files/7335/243633_0fe6247e14f6e8da_002full.jpg","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Figure 1: Drill Program Summary","length":31,"tagName":"p","attribs":{}},{"type":"text","content":"To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7335/243633_0fe6247e14f6e8da_002full.jpg","length":137,"tagName":"p","attribs":{}},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":525,"height":249,"url":"https://media.zenfs.com/e...