Military Metals exercises buyback of Slovakian 1% NSR

Executive Summary

• Military Metals Corp. has exercised its buyback right to retire a 1% net smelter royalty (NSR) on its Slovakian portfolio, covering three mineral properties.
• The acquisition eliminates future royalty obligations, providing the company with greater financial flexibility and strengthening the strategic value of its assets.
• The buyback was completed via a one-time cash payment of $162,800, with no further royalties remaining on the company's Slovakian projects.

Key Details

• Transaction: Buyback and retirement of a 1% Net Smelter Royalty (NSR).
• Assets Covered: The royalty applied to three mineral properties in Slovakia:
  • Trojarova antimony gold project (flagship asset).
  • Tiennesgrund antimony gold project.
  • Medvedi Potok tin project.
• Consideration: One-time cash payment of $162,800.
• Strategic Impact: All three projects are now royalty-free; management states this eliminates future royalty obligations and provides greater financial flexibility.
• Operational Context: Initial drill results from Trojarova are in hand, with a mineral resource estimate expected to be completed later in the quarter.
• Legal Basis: Executed pursuant to a share purchase agreement previously entered into by the company's wholly owned subsidiary.

Notable Quotes

• "We are very pleased to have completed the buyback of the NSR royalty on our Slovakian assets, including our flagship Trojarova antimony gold project. This strategic acquisition eliminates future royalty obligations and is intended to provide Military Metals greater financial flexibility as we advance these properties." — Scott Eldridge, CEO