METAL ENERGY CORP - MEEEF STOCK NEWS

Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) has announced the acquisition of the Highland Valley Copper Project in British Columbia from Happy Creek Minerals Inc. The project spans 240 km² and is located near critical infrastructure. Key highlights include:

1. Two high-priority zones with copper-silver-molybdenum and copper-gold-silver-molybdenum-rhenium mineralization.

2. Over 55,000 meters of historical drilling across 402 holes.

3. Acquisition terms include $300,000 cash, issuance of shares representing 9.9% of Metal Energy, a 2.5% NSR, and additional share issuances valued at $6 million over 48 months.

4. Metal Energy commits to $250,000 in exploration expenditures by December 31, 2024.

The acquisition aligns with Metal Energy's strategy to capitalize on historical data in established mining districts with excellent infrastructure.

Metal Energy Corp. (TSXV: MERG, OTCQB: MEEEF) has amended its call option agreement with Mistango River Resources for the Manibridge Project, extending the deadline from April 30, 2024, to April 30, 2026. This amendment involves issuing 1,000,000 common shares to Mistango at $0.02 per share, totaling $20,000. The new agreement allows Metal Energy to re-acquire a 15% interest in the 19 mining claims of the Manibridge Project for $2,250,000, payable in cash or shares. The transaction is subject to TSX Venture Exchange approval. This extension aims to provide more time for Metal Energy to finalize the acquisition under favorable terms.

Metal Energy Corp. reports positive brine and lithogeochemical results at SourceRock project near Thunder Bay, Ontario. Brine concentrations increase with depth, showing high levels of sodium, potassium, and lithium. Lithium-bearing brines are associated with chloride-rich fluids, indicating the presence of the right type of brines on the project. The host rock formations exhibit enrichment in calcium and magnesium. The company plans to conduct a geophysical survey to locate a central halite nucleus based on the positive correlation between sodium and lithium.

Metal Energy Corp. (MEEEF) has identified two brine reservoirs with lithium potential at the SourceRock lithium brine project near Thunder Bay, Ontario. The downhole geophysical surveying revealed two discrete brine reservoirs with high fluid conductivities, indicating the presence of highly saline brines associated with high concentrations of lithium. The drill core findings from SR-24-01 have been positive, providing valuable insights into the sedimentary geology of the area.

Metal Energy Corp. has commenced the diamond drill and brine testing program at the SourceRock lithium brine project near Thunder Bay, Ontario. The company aims to confirm the presence of lithium in the brine and assess the potential for enriched lithium fluid sources. The CEO, James Sykes, expressed excitement about the project's prospects and plans to release results and interpretations as soon as they are available. The drill program includes one initial drill hole down to 700 meters, with funding for one to two additional drill holes pending the initial results.

Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) has been selected to receive up to $200,000 from the Ontario Junior Exploration Program to further advance its exploration efforts at the SourceRock lithium brine project near Thunder Bay, Ontario. The company is thrilled to receive the non-dilutive grant and is days away from initiating its permitted and fully funded drill program. SourceRock is a drill-ready project with an exploration permit for up to 20 drill pads, and the company remains engaged with local Indigenous groups, communities, and stakeholders.

Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) announces the commencement of the inaugural drill program at the SourceRock lithium brine project near Thunder Bay, Ontario. CEO James Sykes expresses excitement and potential for SourceRock to be a significant project in the global lithium supply chain.

Metal Energy Corp. announces the closing of its project acquisition in the Thunder Bay-Nipigon area of Ontario for lithium brines.