Toronto, Ontario – October 28, 2025 – Metal Energy Corp. (the “Company” or “Metal Energy”) (MERG: TSXV; MEEEF: OTCQB) announces that, further to the option agreement (the “Agreement”) previously announced on October 23, 2025 (see News Release here) respecting the NIV and West NIV exploration properties in north-central British Columbia (the “Properties”), the Company intends to issue 862,708 common shares (the “Shares”) to the optionor. The issuance of the Shares constitutes the second payment required under the Agreement.
Under the terms of the Agreement, the Shares form part of the consideration payable by Metal Energy for the exclusive option to acquire an 80% interest in the Properties. The Shares are to be issued at a deemed price of $0.348 per Share representing the 10-trading day volume weighted average price of the Company’s common shares. The issuance of the Shares is subject to the approval of the TSX Venture Exchange (“TSXV”) and the Shares shall be subject to a 4 month and one day hold period.
About Metal Energy
Metal Energy Corp. (TSXV: MERG, OTCQB: MEEEF) is a critical metals exploration company focused on copper and gold assets in Canada. The Company now controls NIV, a newly acquired, fully permitted, and drill-ready copper-gold-molybdenum project located in British Columbia’s prolific Toodoggone District, a region known for significant porphyry deposits.
With the addition of NIV, Metal Energy’s portfolio now includes three high-potential projects:
- NIV Project (Cu-Au-Mo, 100%-controlled) – Toodoggone District, BC
- Highland Valley Project (Cu-Mo-Ag-Au-Re, 100%-owned) – British Columbia
- Manibridge Project (Ni-Cu-Co-PGE, 85%-owned) – Manitoba
For further information, please contact:
Metal Energy Corp.
MERG on the TSXV
info@oregroup.ca
www.metalenergy.ca
Reader Advisory
Certain information set forth in this news release contains forward-looking statements or information (“forward-looking statements)”, including details about the business of Metal Energy. All statements in this news release, other than statements of historical facts, that address events or developments that Metal Energy expects to occur, are forward-looking statements, including, but not limited to, the ability of Metal Energy to earn the interest in the Property by the completion of the work obligations, or the exercise of the option. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Metal Energy’s control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, stock market volatility. Although the Company believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in Metal Energy’s public disclosure documents available at www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Metal Energy does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange Inc. 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.