Supreme Critical enters option to acquire Silver Vista

Executive Summary

• Supreme Critical Metals Inc. has acquired an option on the Silver Vista silver-copper property in Smithers, BC, gaining the right to assume an existing option agreement with Global Copper Corp. to acquire a 100% interest.
• The company simultaneously announced a private financing of up to $1.1 million through the issuance of common shares at $0.10 per share to fund general corporate purposes and property exploration.
• The Silver Vista property features 4,839 hectares with historical drilling highlighting significant silver-copper mineralization, including a 46-meter intercept averaging 48 g/t Ag and 0.62% Cu, with plans for immediate follow-up drilling.

Key Details

• Acquisition Structure: Supreme Critical Metals will issue 1,000,000 shares to Global Copper Corp. to assume the underlying option agreement dated September 25, 2024.
• Option Terms: The company has three years to fulfill the terms to acquire a 100% interest in the property.
• Cash Payments:
  • $25,000 due by December 31, 2025.
  • $30,000 due by December 31, 2026.
  • $40,000 due by December 31, 2027.
• Work Commitment: $100,000 in expenditures required by December 31, 2025.
• Royalty Terms: An underlying 2.0% Net Smelter Return (NSR) royalty is held by Amarc Resources Corp. The vendor has the right to repurchase 1% of the NSR for $1,000,000.
• Property Details:
  • Located 55 km northeast of Smithers, BC, on 4,839 hectares.
  • Accessible by logging roads with gentle topography.
  • Geological model: Stratabound copper-silver deposit in stratiform sedimentary sequences.
  • Located 23 km west-southwest of American Eagle Gold Corp.'s NAK project.
• Historical Drilling Results (2021):
  • Total: 1,507 meters in 9 holes focused on the MR prospect.
  • Best Intercept (Hole SV21-07): 46 meters averaging 48 g/t Ag and 0.62% Cu, starting at 106 meters depth.
  • High-Grade Section: Includes a 17-meter section containing 94 g/t Ag and 1.34% Cu.
  • Highest Grades: 431 g/t Ag (121-122m) and 2.57% Cu (112-113m).
• Exploration Potential: Extensive soil geochemistry indicates multiple high-priority anomalies, including a silver-in-soil anomaly extending 800 meters south-southeast of the MR prospect (contoured at 1 g/t Ag threshold).
• Financing Details:
  • Amount: Up to $1.1 million.
  • Instrument: Common shares.
  • Price: $0.10 per share.
  • Use of Proceeds: General corporate purposes and advancing exploration on mineral properties.
• Previous Transaction: Issuance of 4,000,000 post-consolidated common shares for a uranium property option amendment is now closed.

Notable Quotes

• "The acquisition of the Silver Vista silver-copper property represents the initial asset of the company's focus on properties with significant silver values. This property is at the drill stage, has an excellent and expansive geological and geochemical data base, and with year-round road access, can be explored efficiently." — George Tsafalas, President of Supreme.
• "We will be adding to our team, including technical personnel with strong silver experience to advance the Silver Vista project and accelerate additional acquisitions." — George Tsafalas, President of Supreme.