C2C Metals Corp. Stakes Uranium Mineral Claims in the Uravan Mining District; Common Shares Now DTC Eligible

Rhea-AI Summary

C2C Metals Corp. (CSE: CTOC) (OTCQB: CTCGF) has staked 3 properties covering over 2,000 acres with historical occurrences in the Colorado portion of the Uravan Mining District. The district has a history of 80 million pounds of uranium production and over 400 million pounds of vanadium production since 1945. The company's newly staked properties include:

1. Mum Project in Montrose County, Colorado
2. Whitney Project in San Miguel County, Colorado
3. Dulaney Project in San Miguel County, Colorado

Additionally, C2C Metals' common shares are now DTC eligible, allowing for electronic clearing and settlement in the United States. This is expected to simplify trading and enhance liquidity of C2C Metal Corp. shares in the U.S. The company's shares trade on the Canadian Securities Exchange under the symbol 'CTOC' and on the OTCQB under the symbol 'CTCGF'.

Positive

• Staked 3 properties covering over 2,000 acres in the prolific Uravan Mining District
• Common shares now DTC eligible, potentially enhancing liquidity in the U.S. market
• Recently began trading on the OTCQB Venture Market under the symbol CTCGF

Negative

• None.

CSE: CTOC
OTCQB: CTCGF
www.c2cmetals.com

VANCOUVER, BC, Sept. 23, 2024 /PRNewswire/ - C2C Metals Corp. (CSE: CTOC) (OTCQB: CTCGF) (the "Company" or "C2C) announced today that the Company has staked 3 properties covering over 2,000 acres with known historical occurrences in the Colorado portion of the prolific Uravan Mining District. The Uravan Mining District of Utah and Colorado hosts the Uravan Mineral Belt, a 70-mile (110km) zone of uranium-vanadium deposits in San Miguel, Montrose, and Mesa counties, Colorado, and Grand County, Utah with a history of 80 million pounds of uranium production and over 400 million pounds of vanadium production since 1945. The Company also announces that its common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company ("DTC").

Mum Project

The Mum project is located in Montrose County, Colorado and consists of 3 separate claim blocks lying west of the Donna K Uranium Mine and adjacent to a Department of Energy Uranium Reserve (DOEUR) block located to the south.   

Whitney Project

The Whitney project consists of 3 separate claim blocks and is located 1 to 3 miles to the west, southwest and south of the Mum project in San Miguel County, Colorado. The project lies to the south and southeast of the DOEUR block adjoining the Mum project and to the north and south of a second DOEUR block to the west. All or parts of the historic Triangulation and Bitter Creek Uranium Mines are covered by the Whitney project.

Dulaney Project

The Dulaney Project, located in San Miguel County, Colorado consists of 43 claims located to the north and west of a separate adjacent DOEUR block. The claims include part of the Radium Group of Mines.

DTC Eligibility Allowing for Electronic Settlement of Trades in the United States

The Company's shares recently began trading on the OTCQB® Venture Market ("OTCQB") under the ticker symbol CTCGF. DTC eligibility is expected to simplify the process of trading and enhance liquidity of C2C Metal Corp. shares in the United States.

DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be "DTC eligible". This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.

The Company's common shares trade on the Canadian Securities Exchange under the symbol "CTOC", on the OTCQB under the symbol "CTCGF".

Technical information in this news release has been approved by Lori Walton, P. Geo., a Director of C2C Metals Corp. and "Qualified Person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About C2C Metals Corp.

C2C Metals is a mineral exploration company which holds a portfolio of uranium, gold and copper projects in the United States and Canada. The Company is focused on acquiring conventional uranium assets in the United States.

www.c2cmetals.com
@C2CMetalsCorp

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release may include forward-looking statements that are subject to risks and uncertainties and can be identified by the use of forward-looking terminology such as "expected", "will be", "anticipated", "may" or variations of such words and phrases or statements that certain actions, events or results "will" occur. All statements within, other than statements of historical fact, are to be considered forward looking. Forward-looking statements in this news release include but are not limited to: the completion of the name change.  Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.     

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SOURCE C2C Metals Corp.

FAQ

What new properties has C2C Metals Corp. (CTCGF) staked in the Uravan Mining District?

C2C Metals Corp. has staked 3 properties covering over 2,000 acres in the Colorado portion of the Uravan Mining District: the Mum Project in Montrose County, the Whitney Project in San Miguel County, and the Dulaney Project in San Miguel County.

What is the historical production of the Uravan Mining District where C2C Metals Corp. (CTCGF) has staked claims?

The Uravan Mining District has a history of 80 million pounds of uranium production and over 400 million pounds of vanadium production since 1945.

How does DTC eligibility benefit C2C Metals Corp. (CTCGF) shareholders?

DTC eligibility is expected to simplify the trading process and enhance liquidity of C2C Metals Corp. shares in the United States by allowing for electronic clearing and settlement, speeding up stock and cash receipt, and enabling trading over a wider selection of brokerage firms.

On which exchanges does C2C Metals Corp. (CTCGF) trade its common shares?

C2C Metals Corp. trades its common shares on the Canadian Securities Exchange under the symbol 'CTOC' and on the OTCQB Venture Market under the symbol 'CTCGF'.