Welcome to our dedicated page for Supreme Critical Metals news (Ticker: VRCFF), a resource for investors and traders seeking the latest updates and insights on Supreme Critical Metals stock.
Overview
Supreme Critical Metals Inc. is a publicly traded, diversified investment corporation that actively explores and evaluates opportunities in the mining sector. Positioned within the critical and battery metals industry, the company focuses on strategic mineral assets including lithium, copper, silver, and precious metals. With a history rooted in extensive mineral exploration and recent rebranding from its former identity, Victory Battery Metals Corp., Supreme Critical Metals Inc. has reoriented its business model to leverage favorable regulatory environments, robust infrastructure, and established mining regions.
Core Business Areas
The Company is engaged in the exploration and evaluation of high-potential mineral projects. It systematically investigates deposits that have the potential to yield battery metals and energy metals, with a primary focus on:
- Lithium Exploration: Targeting regions with existing mining infrastructure and supportive regulatory frameworks.
- Copper and Silver Ventures: Evaluating copper and silver projects that demonstrate promising resource potential.
- Precious Metals Initiatives: Identifying and capitalizing on opportunities in precious metals that are integral to advanced manufacturing and technological applications.
Market Position and Significance
Supreme Critical Metals Inc. holds a distinctive position in the market as a diversified asset holder that bridges the gap between traditional mining investment and innovative exploration of critical resources. The company follows a strategic investment approach that is underpinned by rigorous project evaluation and adherence to industry best practices. Investors appreciate its methodical exploration strategy which is aligned with favorable governmental policies and mineral-rich regions in North America.
Operational Strategy and Business Model
The Company’s business model is built on both asset acquisition and technical evaluation. By engaging in share consolidation and rebranding, Supreme Critical Metals Inc. has optimized its capital structure to enhance financing opportunities and fuel further exploration. Its strategy involves a disciplined approach to due diligence, ensuring each project undergoes comprehensive technical and economic assessments before development. This approach enables the company to diversify risk while positioning itself to seize emerging opportunities in the ever-evolving mining landscape.
Industry Focus and Terminology
In the mining and mineral exploration sector, terminology such as resource evaluation, feasibility studies, and mineral rights are critical. Supreme Critical Metals Inc. routinely integrates these concepts into its operational framework, ensuring that its exploration projects adhere to high standards of technical scrutiny and regulatory compliance. This comprehensive grasp of industry dynamics not only reinforces the company’s authority but also builds trust among stakeholders and investors.
Corporate Governance and Strategic Initiatives
Under the guidance of experienced leadership, Supreme Critical Metals Inc. maintains robust corporate governance practices that emphasize transparency and accountability. The company is committed to conducting its operations with integrity and a long-term focus on sustainable asset development. Its strategic initiatives, such as targeted project acquisitions and evaluated divestitures, illustrate its ability to adapt to the complex dynamics of the resource sector without compromising on its core values.
Conclusion
Supreme Critical Metals Inc. stands as a well-positioned entity within the diversified investment and mineral exploration landscape. Its focused efforts in exploring key resources like lithium, copper, silver, and precious metals, combined with strategic operational initiatives, create a resilient platform for navigating the evolving demands of the mining industry. The company’s detailed and methodical approach highlights its expertise and commitment to excellence, making it an important subject for investors seeking comprehensive insights into high-potential mineral exploration strategies.
Supreme Critical Metals Inc. (CSE:CRIT, OTC:VRCFF) has updated its debt settlement terms, amending the share issue price to $0.13. The company will issue 5,749,169 common shares to settle a total debt of $747,392. Of these shares, 1,190,769 will be issued to four directors and officers as part of a related party transaction. The shares will be subject to a 4-month restricted hold period and exchange approval. The company is utilizing exemptions under MI 61-101 as the fair market value of the shares being issued represents less than 25% of the company's market capitalization.
Supreme Critical Metals Inc (OTC PINK:VRCFF) has announced debt settlement agreements through the issuance of 7,473,920 common shares at $0.10 per share, totaling $747,392. The shares will be subject to a 4-month restricted hold period and exchange approval.
Of the total issuance, 1,548,000 shares will be allocated to four directors and officers as related party transactions. The company is utilizing exemptions under sections 5.5(a) and 5.7(a) of MI 61-101, as the fair market value of the shares represents less than 25% of the company's market capitalization.
Supreme Critical Metals (CSE:CRIT, OTCQB:VRCFF) has announced the appointment of Chris Gulka as Chief Financial Officer, following Tatiana Kovaleva's retirement. Gulka brings over 30 years of capital markets and public markets experience. He founded Working Capital in 1999, a corporate finance firm focused on valuations and management consulting.
Gulka previously served as CFO and director of Inner Spirit Holdings , a cannabis retailer acquired by Sundial Growers for approximately $130 million. His experience includes CFO and director positions across mining, oil and gas, cannabis, and industrial sectors. He also worked as a Financial Securities Analyst at the Alberta Securities Commission and at Ernst & Young. Gulka holds a Bachelor of Commerce from the University of Alberta and is both a CFA and CPA.
Supreme Critical Metals (CSE:CRIT, OTC:VRCFF) has announced several significant corporate updates. The company has decided not to renew the Smokey Lithium Project claims following a review of drilling results, leading to an impairment of these exploration and evaluation assets. Additionally, the company has reached debt settlement agreements to issue 1,250,000 common shares at $0.12 per share, totaling $150,000, subject to a 4-month restricted hold and exchange approval. The company has also cancelled 170,000 stock options that were deemed no longer effective in aligning holder interests with shareholders.
Victory Battery Metals Corp. has announced its transformation to Supreme Critical Metals Inc., accompanied by a 10:1 share consolidation. The company will trade under the new symbol CRIT on the CSE starting October 28, 2024. Post-consolidation, the company has 4,744,222 common shares outstanding. The consolidation extends to options and warrants, with adjusted exercise prices multiplied by ten. This restructuring aims to enhance the company's flexibility in pursuing future financing opportunities.
Victory Battery Metals Corp. (CSE:VR, OTC PINK:VRCFF) has announced its intention to change its name to Supreme Critical Metals Inc. and consolidate its shares. The company plans to implement a 10-to-1 share consolidation, reducing its outstanding shares from 47,442,222 to 4,744,222. This consolidation will also apply to outstanding options and warrants, with their exercise prices adjusted accordingly. The company will trade under the new symbol 'CRIT' on the CSE.
The Board of Directors approved these changes on October 18, 2024. The share consolidation aims to provide the company with increased flexibility for future financing opportunities. The implementation of these changes is subject to approval from the Canadian Securities Exchange.
Victory Battery Metals Corp. (CSE:VR, FWB:VR6, OTC PINK:VRCFF) has closed its acquisition of Yellow Chief Uranium Inc. properties in Utah and Saskatchewan. The company issued 8,000,000 common shares at a deemed price of $0.05 per share, as per the June 26, 2024 Option Agreement. These shares are subject to a four-month and one-day hold period.
Initially an arms-length transaction, the deal's nature changed when Yellow Chief's CEO became Victory's CEO. If classified as a related party transaction, Victory would rely on exemptions from valuation and minority shareholder approval requirements of MI 61-101, as the participation was less than 25% of the company's market capitalization at the time.
Victory Battery Metals Corp. (CSE:VR)(OTC PINK:VRCFF)(FWB:VR6) has announced changes to its board of directors and management. The new board consists of Gerald Tritt, David Stadnyk, and George Tsafalas, all based in Vancouver, BC. David Stadnyk has been appointed as the new president and CEO. The company is also preparing to finalize its Yellow Chief Uranium acquisition within the next 10 days. Victory Battery Metals expressed gratitude to Mark Ireton for his service to the company.
Victory Battery Metals Corp. (CSE:VR)(OTC PINK:VRCFF) has appointed Gary Musil to its Board of Directors, effective July 1, 2024. Musil brings over 35 years of management and financial consulting experience, having served as an officer and director for numerous public companies since 1988. He replaces David Lane, who has resigned from the board.
Additionally, the company has announced a non-brokered private placement to raise up to $675,000 by issuing 20,454,545 units at $0.033 each. Each unit consists of one share and half a warrant, with each whole warrant allowing the purchase of an additional share at $0.10 for two years. The proceeds will be used for working capital and general corporate purposes.
Victory Battery Metals Corp. has acquired the Yellow Chief uranium property in Utah along with four additional uranium properties in Saskatchewan, expanding their total uranium holdings to 12,815 hectares. The acquisitions are part of an Option Agreement signed on June 26, 2024, with Victory required to pay $200,000 in cash, issue 16,000,000 common shares, and incur $600,000 in exploration expenditures over three years. The Yellow Chief property, located in Juab County, covers 28 claims and has produced significant uranium ore in the past. The Saskatchewan properties include the PK property and two Mozzie Halo blocks, which offer potential uranium and rare-earth-element mineralization. This strategic expansion aims to leverage past exploration results and geographic diversity to enhance Victory's uranium portfolio.
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