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M3 Metals Corp. (TSXV: MT) (FSE: X0V), a Canadian listed Company, is dedicated to creating shareholder value through the discovery and strategic development of mineral properties in North America. The Company recently entered into a mineral property option agreement to acquire up to an eighty percent interest in the Daggett Lithium Project, a mineral property located in San Bernardino County, California. The Technical Report, prepared for the Company in connection with obtaining TSX Venture Exchange approval, provides an independent valuation of the exploration potential of the Property. M3 Metals Corp. focuses on exploration work, partnerships, and expansion of mineral properties.
M3 Metals Corp. (TSXV: MT) (OTCQB: MLGCF) announces key management changes. Adrian Smith has stepped down as President but remains a director, while Kosta Tsoutsis takes over as President and CEO. Robert Meister, an experienced capital markets executive, joins as a new director. The company's board now comprises three non-independent directors (Brian Morrison, Adrian Smith, Kosta Tsoutsis) and two independent directors (Marco Montecinos, Robert Meister). Meister brings significant M&A experience, notably from the $189-million Alpha Minerals to Fission Uranium transaction, and has held various leadership positions in companies listed on TSX, CSE, and NEO exchanges.
M3 Metals Corp (TSXV: MT, OTCQB: MLGCF) announces an extension to its Property Purchase Agreement with Surge Battery Metals regarding the Texas Springs Properties. The agreement, originally set to close by October 31, 2024, has been extended to June 30, 2025. Under the agreement, Surge will acquire M3's interest in the Properties in exchange for 1,200,000 Surge common shares. The extension is necessary to obtain disinterested shareholder approval, as the transaction is considered a related party transaction under TSX Venture Exchange policies due to shared officers and directors between the companies.
M3 Metals Corp. (TSXV: MT) (OTCQB: MLGCF) has applied to the TSX Venture Exchange to amend certain share purchase warrants by extending their expiry date. The amendment affects 5 million warrants issued on February 7, 2023, originally expiring on February 7, 2025, with an exercise price of $0.32 per share. The new expiry date will be February 7, 2028, maintaining the same exercise price. Of these warrants, 1.95 million are held by related parties, constituting a related-party transaction under MI 61-101, though exemptions from formal valuation and minority approval requirements apply.
M3 Metals Corp. (TSXV: MT) (OTCQB: MLGCF) has announced a property sale agreement with Surge Battery Metals for its Texas Springs Properties. The deal involves Surge issuing 1,200,000 common shares to M3 Metals in exchange for full ownership of the properties. Previously, M3 Metals and Surge each owned 50% of these properties under an option agreement dated July 26, 2023, which has now been terminated. Upon closing, Surge will own 100% of the properties, and M3 Metals will provide quit claim deeds. The agreement is subject to TSX Venture Exchange approval. This move aligns with M3 Metals' focus on creating shareholder value through strategic development of mineral properties in North America.
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