Azarga Metals - EUUNF STOCK NEWS

Azarga Metals Corp. (TSXV:AZR) has signed a binding agreement to acquire the Marg copper-rich VMS project from Golden Predator Mining Corp.. The total transaction value is approximately $700,000, which includes the issuance of 5,219,985 common shares and staged cash payments of $200,000 and $350,000 over two years. The acquisition aims to enhance exploration upside, tapping into the project's notable resources, including significant gold and silver credits. The agreement is subject to TSX Venture Exchange approval, and Azarga plans to fund further drilling through equity financing.

Azarga Metals Corp. (TSXV:AZR, OTC PINK:EUUNF) has issued 3,743,755 common shares to Baker Steel Resources Trust Limited (BSRT) to settle a semi-annual interest payment of C$187,188 on a US$3.5 million convertible loan. Following this interest conversion, BSRT's ownership in Azarga has increased to 9.3%. Assuming full conversion of the loan principal and exercise of warrants, BSRT could own approximately 44.8% of Azarga's outstanding common shares. The company continues exploring the Marg copper-rich VMS project while managing risks associated with metal price fluctuations and mining operations.

Azarga Metals Corp. (TSXV:AZR) announces the resignation of Alexander Molyneux as a director, effective immediately. The Board expresses gratitude for his contributions since 2016. Azarga Metals, based in Vancouver, owns the Unkur Copper-Silver Project in eastern Russia and is pursuing acquisition of the Marg copper-rich VMS project in Central Yukon, with due diligence ongoing since July 14, 2021.

Azarga Metals Corp. announced a positive updated preliminary economic assessment (PEA) for its Unkur Copper-Silver Project in Eastern Russia. The Base Case forecasts average annual production of 11.7kt copper and 2.9Moz silver over a 14-year mine life. At consensus prices, the post-tax net present value (NPV) is US$205.5M with an internal rate of return (IRR) of 26.7%. Notably, this PEA shows NPV increases up to 158% compared to the previous assessment. The project also features a viable Open-Pit Only scenario with attractive metrics for potential investors.

Azarga Metals Corp. has issued 1,505,730 common shares to Baker Steel Resources Trust Limited to settle a semi-annual interest payment of C$188,216 on a US$3.5 million convertible loan. This transaction was disclosed on April 12, 2021, prior to the official announcement on April 15, 2021. Azarga Metals owns 100% of the Unkur Copper-Silver Project in eastern Russia, which has an inferred resource of 62 million tonnes at 0.53% copper and 38.6g/t silver.

Azarga Metals Corp. has opted to pay the semi-annual interest of C$188,216 on its US$3.5 million convertible debt to Baker Steel Resources Trust Limited in shares rather than cash. This will result in the issuance of 1,505,730 common shares at a price of $0.125 per share, based on the closing price on April 8, 2021. The shares will be delivered within 14 days of the payment date, pending TSX-V approval. Azarga owns the Unkur Copper-Silver Project in Russia, with an inferred resource of 62 million tonnes containing 0.53% copper and 38.6g/t silver.

Azarga Metals (TSXV:AZR) announced progress on its Unkur Copper-Silver Project in Eastern Russia, with an updated Preliminary Economic Assessment (PEA) currently in development by Wardell Armstrong International. The PEA will explore various operating scenarios, including a low-cost heap-leaching option, necessitating additional metallurgical tests expected to conclude in 2-3 weeks. An exploration program at the less-studied Unkur East is scheduled for August 2021, following prior successful geochemical results. The updated resource estimates and exploration activities could significantly enhance project valuation.