Business
M3 Announces Closing on Sale of Texas Springs
West Vancouver, British Columbia--(Newsfile Corp. - August 27, 2025) - M3 Metals Corp. (TSX...
About this update from M3 Metals Corp.
M3 Announces Closing on Sale of Texas SpringsWest Vancouver, British Columbia--(Newsfile Corp. - August 27, 2025) - M3 Metals Corp. (TSXV: MT) (OTCQB: MLGCF) (FSE: X0V) (the "Company" or "M3 Metals") has closed its previously announced agreement to sell the remaining 50% interest in the Texas Springs Claims, by receiving 1,200,000 common shares of Surge Battery Metals Inc. ("Surge Battery"). By way of background, effective July 26, 2023, the Company entered into a mineral property option and joint venture agreement (the "M3M Option Agreement") with Surge Battery, an Exchange listed company. The M3M Option Agreement granted Surge Battery the option to earn up to an 80% interest in and to (at that time) 253 mineral claims held by M3 ("M3M Texas Springs Claims") that are contiguous with the Surge Battery's Nevada North Lithium Project. In August 2024, the Company entered into a mineral property option purchase and sale agreement ("M3M Purchase Agreement") with Surge Battery to dispose the remaining 50% interest held by the Company for 1,200,000 common shares of Surge Battery. The M3M Purchase Agreement as amended superseded the M3M Option Agreement, was subject to Exchange approval, and was to terminate if closing of the M3M Purchase Agreement has not occurred on or before June 30, 2025. This June 30, 2025 date was extended by way of further amendment to the M3M Purchase Agreement to August 30, 2025. M3 Metals Corp. is a Canadian listed company, focused on creating shareholder value through discoveries and strategic development of mineral properties in North America. For additional information please visit M3 Metals' website at www.m3metalscorp.com. You may also email [email protected] or call investor relations at (604) 669-2279.M3 METALS CORP."Kosta Tsoutsis"Kosta Tsoutsis, CEONEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or "planned", "possible", "potential", "forecast", "intend", "may...