C3 METALS INC - CUAUF STOCK NEWS

C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) has announced a non-brokered private placement of 15,000,000 common shares at $0.30 per share, aiming to raise $4.5 million in gross proceeds. The anticipated closing date is October 9, 2024, subject to regulatory approvals. Shares issued will have a four-month hold period. The company may pay up to a 6.0% cash commission to qualified finders in Canada.

Proceeds will primarily fund exploration programs in Jamaica and Peru, as well as working capital and corporate purposes. The offering is not registered under the U.S. Securities Act and is intended for distribution in Canada only.

C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) has announced that its subsidiary, Molino Azul S.A.C, has secured a surface access rights agreement with the Cancahuani community for its Khaleesi copper-gold project in Southern Peru. This agreement is important for advancing the project's Declaration of Environmental Impact (DIA) or drill permit.

The Khaleesi project is an undrilled copper-gold skarn and porphyry prospect located near major copper mines like Las Bambas and Constancia. The project area covers 1.5km by 1.0km and shows high-grade copper-gold mineralization in outcropping porphyry, skarn, and polymetallic epithermal veins.

With this agreement in place, C3 Metals plans to proceed with soil geochemical data collection, surface mapping, and rock sampling while completing the drill permit process. The company anticipates drilling could commence as early as 2025.

C3 Metals provided an update on its Jamaica projects after Hurricane Beryl hit the region. The company confirmed its team is safe, and there were no injuries. Equipment and samples are intact, but infrastructure has been significantly damaged. Access roads are impassable, power lines are down, and multiple landslides have obstructed routes. Consequently, C3 Metals is shifting its focus from exploration to aiding the local community, offering food, water, and help with debris removal and home repairs.

Dan Symons, President and CEO, stated that safety is the company's top priority and emphasized the importance of community support during this challenging period. The next steps will involve assessing the damage more thoroughly and restoring power and infrastructure to resume normal operations.

For further details, contact Dan Symons at dsymons@c3metals.com.

C3 Metals announced a significant copper-gold drilling result at its Bellas Gate project in Jamaica. The highlight comes from drill hole CMH8390-001, which intersected 294.0 meters at 0.30% copper and 0.13 g/t gold from the surface, terminating in 0.36% copper at 600 meters. This follows a previous report of 207.8 meters at 0.43% copper and 0.20 g/t gold from hole CMH8350-001. Two other holes at Geo Hill showed low to moderate copper-gold mineralization, while a hole west of Camel Hill showed extensive alteration but no significant assays. The results suggest a large hydrothermal system extending across 2 kilometers. Moving forward, the company plans more drilling and is updating its geological models.

C3 Metals announced the successful drilling of 79m at 0.71% copper and 0.49 g/t gold (1.06% CuEq) at its Connors porphyry prospect within the Bellas Gate project in Jamaica.

This result confirms high-grade copper-gold mineralization potential in the porphyry systems at Bellas Gate. The company welcomes Barrick Gold to Jamaica, following Barrick's agreement with Geophysx Jamaica to earn up to 80% in surrounding mineral concessions.

C3 Metals' exploration continues with multiple ongoing drill holes and new prospects identified. Assays are pending for Camel Hill and Geo Hill prospects, while trenching and sampling are underway at Arthurs Seat and Super Block projects.

The company plans to continue drilling with its cost-efficient, in-house diamond drill rig.

C3 Metals Inc. updates on copper-gold exploration program in Jamaica, aiming to discover one million tonnes of contained copper equivalent. Recent drill results show promising mineralization at Provost porphyry prospect. The company continues systematic exploration to meet size/grade criteria.

C3 Metals Inc. announces a joint venture agreement with Geophysx Jamaica Limited to combine the Pennants Gold Mine with its Main Ridge Project, forming the Super Block Project. The JV provides exposure to past producing gold mines and promising copper-gold exploration targets. Geophysx brings financial strength and expertise in Jamaica, while C3 Metals contributes technical capabilities. The JV aims to unlock significant value through exploration synergies.

C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) provides an update on 2023 exploration results and strategy for 2024 at the Company's 100% owned copper-gold projects in Jamaica. The exploration work confirmed 16 porphyry and over 40 epithermal copper-gold prospects along a 30km strike extent. The 2023 highlights include over 9,300 meters drilled, significant porphyry and epithermal style copper-gold mineralization, and a well-funded treasury for 2024 exploration plans.

C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) has received approval for a 1:13 share consolidation from the TSX Venture Exchange, effective December 19, 2023. The company aims to attract new institutional investors and continue positive drill results from its Bellas Gate project in Jamaica. The consolidation will reduce outstanding common shares from 804,504,235 to approximately 61,884,941, with no cash consideration for fractional shares.