Business
Nine Mile Metals Maintains Wedge Project Purchase Option with Third Anniversary Payments
Toronto, Ontario--(Newsfile Corp. - March 11, 2026) - NINE MILE METALS Ltd. - (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") announces that it has proceeded with its third 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 required Cash Payment of $40,000 and authorized and issued the allotment of 300,000 common shares as...
About this update from Nine Mile Metals Ltd.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - March 11, 2026) - NINE MILE METALS Ltd. - (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") announces that it has proceeded with its third 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":398,"tagName":"p"},{"type":"text","content":"The company has approved and paid the required Cash Payment of $40,000 and authorized and issued the allotment of 300,000 common shares as part of the Option Agreement. The Option Agreement has one remaining payment anniversary on February 2027 requiring a Cash Payment of $50,000 and issuing 400,000 common shares and then Nine Mile will have completed the 100% Purchase of the Wedge Project from Slam. The common shares are subject to a hold period under applicable Canadian Securities laws expiring four months and one day from the issuance of the shares.","length":558,"tagName":"p"},{"type":"text","content":"The Wedge VMS Project consists of 35.83 km2 and hosts the Wedge Mine, West Wedge, Tribag Targets within the 8km Wedge VMS Exploration Trend. (See Figure #1 Below)","length":162,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":525,"height":249,"url":"https://media.zenfs.com/en/newsfile_64/7a770c025b671a8583694188f9ebf1bf"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ODTJwrFA4Ei0F01K_PPs6A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ1NTtjZj13ZWJw/https://media.zenfs.com/en/newsfile_64/7a770c025b671a8583694188f9ebf1bf","width":525,"height":249}},"href":"https://images.newsfilecorp.com/files/7335/288134_55583d46a46edbf8_002full.jpg","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Figure 1: Priority Targets with Late Time Conductive Axis' along the Wedge VMS Trend","length":88,"tagName":"p","attribs":{}},{"type":"text","content":"To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7335/288134_55583d46a46edbf8_002full.jpg","length":137,"tagName":"p","attribs":{}},{"type":"text","content":"Nine Mile just completed its Fall 2025 Wedge Mine Phase 2 Drill Program and is releasing Certified Drill Results as received. The g...