YORK HARBOUR MTLS INC NEW - YORKF STOCK NEWS

York Harbour Metals has successfully closed the first milestone of its option agreement with Firetail Resources, granting Firetail a 49% interest in the York Harbour Copper-Zinc-Silver Project in Newfoundland. The agreement allows Firetail to earn up to an 80% interest over a three-year period. Key terms include:

- $500,000 AUD in cash payments
- 175,000,000 ordinary shares in Firetail Resources
- Completion of 10 kilometres of drilling

A joint venture will be formed upon Firetail exercising the full option or terminating after acquiring a minimum 49% interest. York Harbour also announced a pending 3:1 share consolidation, subject to TSX Venture Exchange approval, to improve its capital structure and position for future growth.

York Harbour Metals (TSXV: YORK) (OTC Pink: YORKF) has announced a share-for-debt settlement to address outstanding indebtedness of CAD$330,616.38. The company plans to issue 4,723,088 common shares at a deemed price of $0.07 per share to settle debts with arm's length third parties and three company directors. Of this, CAD$87,812.50 or 1,254,463 shares will be issued to the directors. This decision aims to preserve cash for operations. The transaction is subject to TSX Venture Exchange approval, and all issued shares will have a four-month and one-day hold period.

York Harbour Metals Inc. (TSXV: YORK) (OTCQB: YORKF) held its annual general and special meeting on July 10th, 2024, where shareholders approved several key matters. These included the election of new board members, appointment of auditors, approval of financial statements, and the adoption of a restricted share unit (RSU) plan and a 10% rolling stock option plan.

The newly elected board consists of Blair L. Naughty, Richard G. Macey, Leo P. Power, and Michael Williams. The company's RSU Plan allows for up to 10% of outstanding shares (6,852,904 shares) to be issued as RSUs, while the Option Plan permits up to 10% of outstanding shares to be issued as stock options. Both plans are subject to insider participation limits and vesting conditions.

York Harbour Metals has appointed Brandon Schwabe as its new Chief Financial Officer. Schwabe brings significant experience to the role, having previously served in various senior financial positions. The company, focused on high-grade mineral projects in Newfoundland and Labrador, aims to leverage Schwabe's expertise to enhance its financial management and strategic planning. This change is expected to support York Harbour’s growth objectives and improve shareholder value.

York Harbour Metals, a Canadian exploration firm, has entered into an option agreement with Firetail Resources, allowing Firetail to earn up to 80% interest in York Harbour's Copper-Zinc-Silver Project in Newfoundland and Labrador. This agreement, subject to necessary approvals, involves a total consideration of $500,000 AUD, 175 million Firetail shares, and 10 kilometers of drilling over three years. Upon exercising the option fully, a joint venture will be formed, with York Harbour retaining a free carried interest until a pre-feasibility study is delivered. Key approvals from the TSX-V are pending.

York Harbour Metals Inc. (YORKF) announces positive rare earth elements mineralogical results at its Bottom Brook Project in Newfoundland. Dr. Derek H.C. Wilton conducted MLA-SEM analysis, highlighting high Total REE content, the presence of monazite and thorite, and similarities to known deposits. The project shows significant potential for concentration and exploration.

York Harbour Metals Inc. provides positive project updates and reports on channel sampling at its newly discovered Bottom Bank Rare Earth Elements Zone in Newfoundland and Labrador. The company highlights high-grade grab sample values from the Bottom Bank showings and reports assay results from its late summer 2023 channel sampling program. York Harbour's CEO expresses optimism about the project's potential and commitment to shareholder value creation.