Supreme Critical closes acquisition of Silver Vista

Executive Summary

• Supreme Critical Metals Inc. has officially closed the acquisition of the Silver Vista silver-copper property located near Smithers, B.C., issuing one million common shares at a deemed price of 10 cents per share.
• The company appointed Robert Weicker to its advisory board, leveraging his 30+ years of experience in mining exploration and development, including his long-standing involvement with the Silver Vista property since 2004.
• The transaction involves the issuance of shares subject to a four-month-and-one-day hold period, marking a significant step in the company's exploration initiatives for the asset.

Key Details

• Transaction Closure: Closing of the previously announced acquisition of the Silver Vista silver-copper property.
• Property Location: 55 kilometres northeast of Smithers, B.C.
• Consideration: One million (1,000,000) common shares issued to the seller.
• Share Price: Deemed price of 10 cents ($0.10) per share.
• Total Value: Approximately $100,000 CAD (based on deemed price and share count).
• Hold Period: The issued common shares are subject to a four-month-and-one-day hold period.
• Basis of Transaction: In accordance with the terms of the option agreement dated September 25, 2024.
• New Appointment: Robert Weicker appointed to the Advisory Board.
• Appointee Background:
  • Over 30 years of experience in minerals exploration and mining.
  • Worked with major mining companies (Asarco, Noranda, Lac Minerals) and junior enterprises.
  • Involved with the Silver Vista property since late 2004.
  • Experience in developing Canada's largest gold mine, an open-pit zinc operation, and an underground gold mine.
  • Proficient in writing prefeasibility studies, feasibility studies, and NI 43-101 reports.

Notable Quotes

• George Tsafalas, President: "We are thrilled to welcome Robert to our team. His wealth of knowledge and proven track record in the mining sector will be invaluable as we advance our exploration initiatives. We are confident that his leadership and expertise will drive our projects to new heights."
• Robert Weicker: "I am excited to be part of a dynamic team that is committed to pioneering new opportunities in the mining sector. I look forward to applying my experience to support the company's growth and success."