Metal Energy appoints Greig as CEO

Executive Summary

• Metal Energy Corp. appointed Charlie Greig as Chief Executive Officer, succeeding James Sykes, to lead the company's strategy focused on the NIV project in British Columbia.
• The company closed a $9.25 million financing on December 17, 2025, with Centerra Gold and Teck Resources each investing to hold a 9.9% stake, fully funding the 2026 exploration season.
• The NIV project is a fully permitted, drill-ready copper-gold-molybdenum target in the Toodoggone district, featuring strong geochemical and geophysical anomalies over a 5km strike length, with drilling planned for 2026.

Key Details

• CEO Appointment: Charlie Greig, a geologist with a four-decade career (including roles at GT Gold, Pretium, and American Eagle Gold), appointed as CEO. He previously served as VP of exploration for GT Gold’s Saddle North discovery and is currently lead technical adviser for American Eagle Gold.
• Financing Structure:
  • Total Gross Proceeds: $9.25 million.
  • Investors: Centerra Gold Inc. and Teck Resources Ltd.
  • Stake: Each investor holds 9.9% of issued and outstanding common shares.
  • Use of Proceeds: Fully finances the 2026 exploration season.
  • Context: Investment made without prior drilling at the NIV project, based on geological and geophysical data.
• NIV Project Technical Data:
  • Location: ~32 km south of Centerra Gold's Kemess mine complex, British Columbia.
  • Size: 12,500 hectares total (NIV: 1,048 ha; West NIV: 11,500 ha).
  • Status: Fully permitted, targets defined, ready for drilling in 2026.
  • Geochemistry: Soil anomalies include Copper >300 ppm, Gold >200 ppb, and Molybdenum >12 ppm over a 5km strike length.
  • Geophysics: Coincident Induced Polarization (IP) chargeability/resistivity anomalies, magnetic lows with local highs, and MobileMT data supporting a porphyry system.
  • Geology: Geological mapping suggests porphyry dikes and alteration associated with geochemical anomalies.
• Regional Context: Adjacent East Niv property (Northwest Copper Corp.) discovered a Cu-Au porphyry in 2021, with drilling intersecting up to 81.6m at 0.41% Cu, 0.20 g/t Au, and 0.9 g/t Ag from surface.
• Portfolio Overview: Metal Energy controls three projects: NIV (100%), Highland Valley (100%), and Manibridge (85%).

Notable Quotes

• "I am excited to officially step into the role of CEO at Metal Energy, and work alongside the Ore Group to create value from the company's recently acquired NIV project. NIV has the potential to be Toodoggone's newest porphyry discovery... We are fully funded for 2026, having Centerra Gold and Teck as cornerstone investors, and have multiple high-priority targets along a five-kilometre-long trend that we will drill test in 2026." — Charlie Greig, CEO
• "Teck and Centerra each now hold 9.9 per cent of the company's issued and outstanding common shares -- an investment made without the company having drilled a single hole at NIV. This is a testament to the quality of targets at NIV..." — Metal Energy Corp.