TRANSITION METALS CORP OR - TNTMF STOCK NEWS

Transition Metals Corp. (TSXV: XTM) has announced plans to raise $300,000 through a non-brokered private placement. The offering consists of 4,000,000 Critical Flow Through Shares priced at $0.075 per share. A finder's fee of 6% cash and 6% Compensation Warrants on $200,000 of the financing will be paid. The Compensation Warrants allow purchase of common shares at $0.10 for 18 months post-closing. Proceeds will fund exploration of critical minerals properties in Ontario (Saturday Night PGM) and Yukon (Pike Warden Au-Ag-Cu). The offering requires TSX Venture Exchange approval and includes a four-month restricted resale period.

Transition Metals Corp. (TSXV: XTM) has provided an update on exploration work at its Pike Warden project in Yukon. Key highlights include:

• A ZTEM™ survey revealed a large conductivity anomaly at Copper Junction, coinciding with prospective alteration and copper mineralization
• Four new polymetallic showings discovered, with samples returning up to 1.04 g/t Au, 3.63% Cu, 1.37% Mo, 2.6% Zn, and 0.12% W
• 92% of collected samples contained elevated pathfinder elements, with 47% showing anomalous concentrations of key metals
• The Copper Junction area shows potential for a large-scale copper porphyry system
• The company is refining its geological model and preparing for potential drill testing

Transition Metals Corp. (TSXV: XTM) has completed a 650-line kilometre helicopter-borne ZTEM survey at its Pike Warden property in Yukon. The company has engaged Condor North Consulting ULC to interpret the results, which will be used to create 3-D subsurface resistivity and magnetic inversion models to prioritize prospective targets.

Additionally, Transition has initiated a field program focusing on four primary target areas with potential for economic polymetallic systems:

• ERT Zone: High sulphidation epithermal gold/silver mineralization
• Copper North, Silver Train, and Olympus zones: Potential copper porphyry systems

The field program includes detailed geological mapping and sample collection to assist in vectoring towards mineralization centers. Transition Metals aims to confirm and prioritize targets for a potential drilling program in the fall.

Transition Metals has initiated a Z-Axis Tipper Electromagnetic (ZTEM) survey over its Pike Warden property in Yukon. This 650-line kilometer helicopter-borne survey, conducted by Geotech, uses deeply penetrating electromagnetic signatures to model geophysical properties. The data will help create 3D resistivity and magnetic inversion models, aiding the identification and prioritization of prospective targets. COO Greg Collins emphasized that the project has progressed significantly, showing strong indications of porphyry Cu-Au and epithermal mineralization. Preliminary data will be available shortly after the survey's completion, with final results expected within eight weeks, aiding further sampling and mapping activities.

Transition Metals announced promising results from its ongoing geological studies at the Pike Warden project in Yukon. Petrographic and geochemical analyses have confirmed the potential for porphyry-style copper-molybdenum mineralization. Key findings include high-temperature potassic alteration associated with higher-grade copper and significant trace element geochemistry supporting the presence of robust epithermal and porphyry-style alterations.

Additionally, the company received approval for up to $50,000 in grant funding from the Yukon Mineral Exploration Program for 2024-2025. Upcoming exploration plans include a Z-Axis Tipper Electromagnetic (ZTEM) survey to identify prospective drill targets, with field activities commencing in July.

Transition Metals Corp has appointed Ashley Kirwan to its Board of Directors, effective April 29, 2024. This addition increases the board to six directors, five of whom are independent. Kirwan, a professional geologist with over 15 years of experience, co-founded Orix Geoscience and holds several directorships. She has received multiple industry awards, including the Top 40 Under 40 by the Sudbury Chamber of Commerce, YWCA Women of Distinction Award, and The Eira Thomas Young Mining Professional award. Additionally, Transition Metals issued 2,090,000 stock options, 350,000 RSUs, and 1,700,000 DSUs to its directors, officers, and employees. The stock options can be converted at $0.06 per share for five years, RSUs vest in three years, and DSUs vest upon the holder's loss of office.

Transition Metals Corp. (TSXV: XTM) announces positive results from its annual general meeting of shareholders, welcoming Jordan Black as a new director. The Company's shareholders voted in favor of key matters, including the appointment of directors and auditors, as well as approving the Equity Compensation Incentive Plan. Jordan Black, a seasoned professional with extensive experience in engineering and business development, joins the Company as a director, bringing valuable insights and expertise.

Transition Metals Corp. (TNTMF) has achieved significant milestones in 2023, including the successful closure of a $1 million non-brokered financing, bolstering the Company's financial standing. The addition of Bill Stormont as Manager of Business Development is anticipated to enhance the Company's presence and collaborations within the mining industry. The company's Maude Lake and Pike Warden projects have shown promising results, with the Pike Warden project returning encouraging values of Au, Ag, Cu, and Pb. The Company plans to review and interpret 2023 data, conduct petrographic work, and detailed pathfinder mineral and alteration studies in 2024. The Maude Lake project, a large Ni-Cu-Co-PGM magmatic sulphide system, has also shown positive developments, including the detection of a large untested off-hole conductor and the award of a $200,000 grant from the Ontario Junior Exploration Program.

Transition Metals Corp. (TSXV: XTM) confirms three new polymetallic mineralized areas, Nemean Lion, Minotaur, and Hercules showings. Assay values from grab samples include 2.91 g/t Au, 6.57 g/t Ag, and >1% Mo. High-resolution LiDAR, orthophotography, and multispectral alteration mapping products highlight new target corridors. The company will present results from Pike Warden at the Yukon Geoscience Forum & Trade Show.