Vancouver, British Columbia--(Newsfile Corp. - July 11, 2026) - Osiris One Metals Ltd (TSXV: OSM) (FSE: JI8) ("Osiris One" or the "Company") announces that it has entered into a definitive agreement to fully divest its Urgakh Naran Project ("UN Project").
Pursuant to the Transaction, the Company has agreed to fully divest and sell all outstanding shares of its wholly owned Mongolian subsidiary, ION Energy LLC. The Company will receive a lump sum of US$200,000, net of liabilities from the purchaser. The Transaction will not impact Osiris One's ownership of its 20% free carried interest in the Victory Copper Gold Project in Mongolia, which is being advanced by Trinity One Metals Ltd.
Sreenath Didugu, Chief Executive Officer of Osiris One, commented:
"We are pleased to have taken this step in refocusing the Company. The Company is focused on extracting value from Western Range, where we have several defined and underexplored targets, and a significant geological record.
"Further, Osiris One maintains its 20% free carried interest in the Victory Copper Gold Project in Mongolia, providing additional exposure to advanced exploration.
"The Company also continues to assess further growth opportunities."
The Transaction is subject to the satisfaction of customary closing conditions.
About Osiris One Metals Ltd.
Osiris One Metals Ltd. (TSXV: OSM) is a precious and base metals explorer focused on constructing a portfolio of high growth assets. The Company aims to acquire and develop projects with strong geological fundamentals, clear catalysts, and the potential to create significant value.
On behalf of the Board
Sreenath Didugu
CEO
[email protected]
Cautionary Note Regarding Forward Looking Information
This news release contains "forward looking information" within the meaning of applicable Canadian securities laws. Often, but not always, forward looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "aims", "anticipates" or "believes", or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward looking information in this news release includes statements related to: the completion and timing of the Transaction; the timing and payment of consideration; the Company extracting value from Western Range; the Company exploring further growth opportunities and the Company acquiring and developing projects with strong geological fundamentals, clear catalysts, and the potential to create significant value.