Original News Release
Supreme Critical enters option to acquire Silver Vista
Mr. George Tsafalas reports
SUPREME CRITICAL METALS INC. ACQUIRES AN OPTION ON THE SILVER VISTA SILVER-COPPER PROPERTY, SMITHERS, BC, ANNOUNCES FINANCING
Pursuant with Supreme Critical Metals Inc. has acquired the Silver Vista silver-copper property located 55 kilometres northeast of Smithers, B.C. The company can acquire a 100-per-cent interest in the property by fulfilling the terms of an option agreement between the property Owners and Global Copper Corp., dated Sept. 25, 2024. The company will issue one million shares to Global Copper Corp., for the right to assume the underlying terms of the option agreement which extend over a three-year period.
The Silver Vista property comprises 4,839 hectares and is accessible by logging roads, and is characterized by gentle topography. Surface sampling and drilling have indicated multiple, stacked horizons of silver-copper (zinc) mineralization in stratiform sedimentary sequences, consistent with a Stratabound copper-silver deposit model. A modest drill program of 1,507 metres in nine holes in 2021, returned the best intercepts to date on the property. Drill hole SV21-07, returned a continuous 46-metre-long zone from 106 metres averages 48 grams per tonne silver (g/t Ag) and 0.62 per cent copper (per cent Cu): This zone includes a 17-metre section containing 94 g/t Ag and 1.34 per cent Cu. Along this zone as well, the highest silver grade of 431 grams per tonne (121 to 122 metres) and the highest copper grade of 2.57 per cent (112 to 113 metres) were picked up.
Drilling to date has only focused on the MR prospect, which represents the original discovery in a logging road cut. Extensive soil geochemistry has indicated multiple high-priority anomalies that have not been drill tested. Silver-in-soil anomalies are contoured based on a one g/t Ag threshold with an anomaly extends for 800 metres south-southeast of the MR prospect.
On worldwide basis, stratabound copper-silver deposits contain 23 per cent of all copper resources and are the second-most important global source of the metal after porphyry copper deposits. These deposits may host significant byproduct values of silver, cobalt and zinc. Petrographic analysis on Silver Vista core (2012) indicated that the mineralization is "consistent with sediment-hosted copper-silver mineralization formed during the late stages of, or after, diagenesis" and concluded that "Silver Vista has the potential to host important bulk tonnage silver mineralization."
Drill targets are proposed on the MR prospect to follow up on the 2021 intersections and on other geochemical targets. The company intends to initiate permitting a drill program when the current transaction is approved. The property is located only 23 kilometres west-southwest of the high-profile NAK project owned by American Eagle Gold Corp. (AE), and within the traditional territory of the Lake Babine Nation.
Acquisition terms
The company can fulfill the underlying terms as defined by the Sept. 24, 2024, option agreement between the property owners and Global Copper Corp.:
Cash payments
$25,000 due by Dec. 31, 2025;
$30,000 due by Dec. 31, 2026;
$40,000 due by Dec. 31, 2027.
Work commitment -- $100,000 expenditures by Dec. 31, 2025;
Underlying NSR (net smelter return) -- a 2.0-per-cent underlying NSR royalty is held by Amarc Resources Corp. The underlying vendor shall have the right at any time to purchase one-half of the NSR (1 per cent) in consideration of the payment to Amarc of $1-million.
"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." stated 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".
Helgi Sigurgeirson, PGeo, a certified professional geologist and qualified person for the purposes of Canada's National Instrument 43-101 -- Standards of Disclosure for Mineral Properties, has verified and approved the information contained in this news release.
Financing
Supreme also announces a financing of up to $1.1-million by the issue of common shares at an issue price of 10 cents. Proceeds will be used for general corporate purposes and to advance exploration on the company's mineral properties.
Previously announced press release dated on July 7, 2025, the company has issued the four million common shares (postconsolidated) for the amendment to the uranium property option and is now closed.
Supreme is dedicated to keeping its shareholders informed of its progress and will provide updates as it advances its initiatives within the silver sector. The company appreciates the continued support of its shareholders and are enthusiastic about the future of the company in this market.
About Supreme Critical Metals Inc.
Supreme Critical Metals is a publicly traded diversified investment corporation actively exploring and investigating multiple opportunities in lithium, copper, silver and precious metals. The company adheres to strategic guidelines that prioritize regions conducive to mining, supported by favourable government regulations and existing infrastructure.
We seek Safe Harbor.
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