Northwire Canada EditionFriday, November 13, 2026
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Gold 3,885.90 +0.0% Silver 49.02 −2.1% Copper 6.09 −1.8% Oil 88.83 +0.1% Palladium 1,006.50 +1.5% BMR 0.165 +0.0% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.56 −3.8% XTG 2.05 +2.5% RUA 1.09 −0.9% TUF 0.610 −1.6% NEXG 1.12 −1.8% ELEF 0.280 +0.0% LVG 0.330 −2.9% BBB 0.510 +2.0% NGC 0.060 +0.0% ABRA 10.58 −1.9% OBUL 0.340 −1.4% MKO 10.66 −1.5% SGML 7.35 +3.8% Gold 3,885.90 +0.0% Silver 49.02 −2.1% Copper 6.09 −1.8% Oil 88.83 +0.1% Palladium 1,006.50 +1.5% BMR 0.165 +0.0% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.56 −3.8% XTG 2.05 +2.5% RUA 1.09 −0.9% TUF 0.610 −1.6% NEXG 1.12 −1.8% ELEF 0.280 +0.0% LVG 0.330 −2.9% BBB 0.510 +2.0% NGC 0.060 +0.0% ABRA 10.58 −1.9% OBUL 0.340 −1.4% MKO 10.66 −1.5% SGML 7.35 +3.8%
Other

Metal Energy Completes Right of First Refusal Agreement on NIV Copper-Gold Project in British Columbia

MERG · Price

Executive Summary

  • Metal Energy Corp. exercised its right of first refusal to acquire the remaining 20% interest in the NIV and West NIV mineral tenures in British Columbia’s Toodoggone District.
  • The transaction was completed via issuance of 600,000 common shares to the grantor; the shares are subject to a statutory hold period of four months and one day and await final TSX‑V approval.
  • The deal enhances Metal Energy’s optionality to consolidate up to 100% ownership of the fully permitted copper‑gold‑molybdenum target, supporting its 2026 drilling program.

Key Details

  • Transaction Structure: Right‑of‑first‑refusal agreement granting Metal Energy the right to purchase the remaining 20% interest on the same terms as any third‑party offer.
  • Consideration: Issuance of 600,000 common shares (“Consideration Shares”) to the grantor; no cash or finder’s fees involved.
  • Share Hold Period: Statutory hold period of four months and one day from issuance date.
  • Regulatory Condition: Share issuance pending final approval by the TSX Venture Exchange.
  • Strategic Impact: Provides optionality to increase ownership from 80% (already earned) to potentially 100%, enabling full control of the NIV project for future drilling in 2026.
  • Project Portfolio Update: Metal Energy now controls three high‑potential projects:
  • NIV Project (Cu‑Au‑Mo, 100% controlled) – Toodoggone District, BC
  • Highland Valley Project (Cu‑Mo‑Ag‑Au‑Re, 100% owned) – British Columbia
  • Manibridge Project (Ni‑Cu‑Co‑PGE, 85% owned) – Manitoba

Notable Quotes

“This agreement enhances our long‑term optionality to consolidate ownership of a highly compelling, fully permitted copper‑gold porphyry target in one of British Columbia's most prospective districts,” — Stephen Stewart, Chairman, Metal Energy Corp.


All forward‑looking statements are subject to risks and uncertainties detailed in the company’s public disclosures.

Read the original news release →

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