Military Metals Selects SLR Consulting for Resource Estimation at Its Flagship Trojarová Antimony-Gold Property in Slovakia

Rhea-AI Summary

Military Metals Corp (MILIF) has selected SLR Consulting to conduct mineral resource estimation work at its Trojarová antimony-gold project in Slovakia. SLR will model the historical resource, advise on twin and infill holes requirements for resource classification, and perform a formal Mineral Resource Estimate post-drilling.

The Trojarová project, discovered nearly 50 years ago, underwent extensive exploration between 1983-1995, including 63 core holes totaling 14,330 meters and 1.7 kilometers of underground development. The company's Slovakian team is currently digitizing and translating historical drill logs and data.

Additionally, Military Metals has engaged Tafin GmbH for investor relations services focused on the German market for a two-month term at EUR 200,000 (CAD$297,420), and Freedom Financial Research for a 10-day marketing campaign at US$75,000.

Positive

• Partnership with globally recognized mining advisory firm SLR Consulting for resource estimation
• Extensive historical exploration data available: 63 core holes (14,330 meters) and 1.7 km underground development
• Active progress in digitizing and translating historical data

Negative

• Significant marketing expenses: Combined CAD$297,420 + US$75,000 for short-term IR services

Vancouver, British Columbia--(Newsfile Corp. - January 9, 2025) - Military Metals Corp (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "MILI") is pleased to announce that it has completed its review of three competitive bids to carry out mineral resource estimation work on its flagship Trojarová antimony-gold project, located in Slovakia.

Military Metals' CEO, Mr. Scott Eldridge commented: "We are very pleased to have selected SLR Consulting (Canada) Ltd. (SLR) to advise and assist in moving our flagship antimony project forward, starting with modeling Trojarová's historical resource, advising as to the number and location of twin and infill holes necessary for us to be able to properly classify mineral resources, and then carrying out a formal Mineral Resource Estimate once the drilling is completed."

SLR is a global consulting firm offering full-spectrum solutions in many fields, and its Mining Advisory group (formerly Roscoe Postle Associates Inc.) is a world-leading mining advisory business with teams in Toronto, Vancouver, Denver, London, and Perth. SLR's core mining advisory services include geological, mining, metallurgical, tailings, and environmental consultants who have provided expertise and advice to clients around the world for more than thirty-five years through the complete mining cycle from exploration through to remediation.

Discovered nearly fifty years ago, Trojarová was the focus of extensive surface and underground exploration between 1983 and 1995, including 63 core holes for a total of 14,330 meters and 1.7 kilometers of underground development that was mapped and sampled in detail, culminating in a multi-volume report and historical resource estimate including several cut-off scenarios for both antimony and gold (please see the company's news release dated October 30, 2024 for additional details).

Miliary Metals' Slovakian technical team has already started translating and transcribing all historical drill logs and organizing and digitizing all historical data. Management looks forward to moving forward with SLR immediately on this important resource estimation work.

Investor Relations Engagements:

The Company further announces entry into agreements related to marketing and investor relations. On January 8, 2025, the Company engaged Tafin GmbH ("Tafin") to provide investor relations services with a focus on the German stock market and the German-speaking investment community in support of the company listing on the Frankfurt Stock Exchange (the "Tafin Agreement") with a commencement date of January 8, 2025. Pursuant to the terms of the Tafin Agreement, Tafin will, among other items, provide the Company with marketing services, which includes social media management, content creation, distribution, digital marketing, including, but not limited to, the preparation of articles and coverages on multiple financial platforms and newsletters, and translation and distribution of press releases in Germany and any other marketing services as agreed upon by the Company and Tafin (the "Tafin Services"). The Tafin Agreement has a term of two (2) months commencing on January 8, 2025. The Company will make a one-time payment to Tafin EUR 200,000 (CAD$297,420), as consideration for the Services. Marco Marquardt will be providing the Tafin Services to the Company on behalf of Tafin and may be contacted at +49 6128 9792946 or team@finanzmedien.gmbh, Rosenweg 28, 65232 Taunusstein, Germany. The Company will not issue any securities to Tafin as compensation. Both Tafin and Marco Marquardt are arm's length to the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right to acquire such an interest.

Additionally, on January 8, 2025, the Company entered into a media services contract (the "FF Agreement") with Freedom Financial Research, LLC ("FF"). Pursuant to the terms of the FF Agreement, FF will, among other items, provide the Company with marketing services, which includes social media management, content creation, distribution, digital marketing, and any other marketing services as agreed upon by the Company and FF (the "FF Services") for distribution by email, Freedom Financial News and on popular investor platforms such as BNN Bloomberg. The FF Agreement has a term of 10 days and commenced on January 8, 2025. The Company will make a one-time payment to FF of US$75,000, as consideration for the Services. Christopher Carroll will be providing the FF Services to the Company on behalf of FF, and may be contacted at (504) 236-4725 or chris@freedomfinancialresearch.com, 435 Merchant Walk Square, Ste 300-64, Charlottesville 22902. The Company will not issue any securities to FF as compensation. Both Christopher Carroll and FF are arm's length to the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right to acquire such an interest.

The technical contents of this release were reviewed and approved by Avrom E. Howard, MSc, PGeo, VP Exploration for Military Metals and a qualified person as defined by NI 43-101.

About Military Metals Corp.
The Company is a British Columbia-based publicly listed company engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.

ON BEHALF OF THE BOARD OF DIRECTORS

For more information, please contact:

Scott Eldridge
CEO and Director

scott@militarymetalscorp.com and info@militarymetalscorp.com
For enquiries, please call 604-537-7556

This news release contains "forward-looking information". Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-Looking information in this news release includes statements related to the mineral resource estimation work and the provision of promotional services. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. These include meeting the conditions of the Definitive Agreements, geopolitical developments related to the supply of antimony, the continued use of antimony and availability of alternatives, availability of capital and labour in respect of the properties that are the subject of this news release, the results of any future exploration activities, which cannot be guaranteed, and such other factors as may impact both and any future activities in respect of the properties. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at www.sedarplus.ca. Forward-Looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236559

FAQ

What is the scope of SLR Consulting's work for Military Metals (MILIF) at Trojarová?

SLR Consulting will model the historical resource, advise on twin and infill holes requirements for resource classification, and perform a formal Mineral Resource Estimate after drilling completion at the Trojarová antimony-gold project.

What historical exploration data exists for MILIF's Trojarová project?

The project has historical data from 1983-1995, including 63 core holes totaling 14,330 meters and 1.7 kilometers of underground development that was mapped and sampled in detail.

How much is Military Metals (MILIF) spending on investor relations in January 2025?

Military Metals is spending EUR 200,000 (CAD$297,420) for Tafin GmbH's two-month services and US$75,000 for Freedom Financial's 10-day marketing campaign.

What investor relations initiatives has MILIF announced in January 2025?

MILIF has engaged Tafin GmbH for German market-focused IR services and Freedom Financial Research for marketing services, including social media management, content creation, and digital marketing.