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GMV Minerals Announces Extension of Expiry Date for Warrants

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GMV Minerals Inc. (GMVMF) has applied to extend the expiry date of 4,500,000 unlisted common share purchase warrants from June 2024 to June 24, 2026, pending TSX Venture Exchange approval. The warrants, originally issued in June 2022 as part of a non-brokered private placement, are currently exercisable at $0.16 per share.

GMV Minerals is focused on developing precious metal assets in Arizona through its Mexican Hat Property in Cochise County. The property, previously explored by Placer Dome in the late 1980s to early 1990s, has an NI 43-101 inferred resource estimate of 688,000 ounces of gold from 36,733,000 tonnes grading 0.58 g/t gold at a 0.2 g/t cut-off.

GMV Minerals Inc. (GMVMF) ha richiesto l'estensione della data di scadenza di 4.500.000 warrant non quotati per l'acquisto di azioni ordinarie, spostandola da giugno 2024 a giugno 24, 2026, in attesa dell'approvazione della TSX Venture Exchange. I warrant, originariamente emessi a giugno 2022 nell'ambito di un collocamento privato non intermediato, sono attualmente esercitabili a 0,16$ per azione.

GMV Minerals si concentra sullo sviluppo di risorse di metalli preziosi in Arizona tramite la sua proprietà Mexican Hat nella contea di Cochise. La proprietà, precedentemente esplorata da Placer Dome tra la fine degli anni '80 e l'inizio degli anni '90, presenta una stima di risorsa inferita NI 43-101 di 688.000 once d'oro da 36.733.000 tonnellate con una gradazione di 0,58 g/t oro e un cut-off di 0,2 g/t.

GMV Minerals Inc. (GMVMF) ha solicitado extender la fecha de vencimiento de 4.500.000 warrants no listados para la compra de acciones comunes, desde junio de 2024 hasta el 24 de junio de 2026, pendiente de la aprobación de la Bolsa de Valores TSX Venture. Los warrants, emitidos originalmente en junio de 2022 como parte de una colocación privada sin intermediarios, actualmente pueden ejercerse a $0.16 por acción.

GMV Minerals se enfoca en desarrollar activos de metales preciosos en Arizona a través de su propiedad Mexican Hat en el condado de Cochise. La propiedad, explorada anteriormente por Placer Dome a finales de los años 80 y principios de los 90, cuenta con una estimación de recursos inferidos NI 43-101 de 688,000 onzas de oro provenientes de 36,733,000 toneladas con una ley de 0.58 g/t de oro y un corte mínimo de 0.2 g/t.

GMV Minerals Inc. (GMVMF)는 4,500,000개의 비상장 보통주 매수 워런트의 만기일을 2024년 6월에서 2026년 6월 24일로 연장하기 위해 TSX 벤처 거래소의 승인을 기다리고 있습니다. 이 워런트는 2022년 6월 중개인 없이 진행된 사모 발행의 일환으로 처음 발행되었으며 현재 주당 0.16달러에 행사할 수 있습니다.

GMV Minerals는 애리조나 주 코치스 카운티에 위치한 Mexican Hat 광산을 통해 귀금속 자산 개발에 주력하고 있습니다. 이 광산은 1980년대 후반부터 1990년대 초반까지 Placer Dome이 탐사한 바 있으며, NI 43-101 기준 추정 추정광물자원량은 0.2 g/t 컷오프에서 금 0.58 g/t 등급의 36,733,000톤에서 688,000온스의 금을 포함하고 있습니다.

GMV Minerals Inc. (GMVMF) a demandé à prolonger la date d'expiration de 4 500 000 bons de souscription d'actions ordinaires non cotés, passant de juin 2024 au 24 juin 2026, sous réserve de l'approbation de la TSX Venture Exchange. Ces bons, initialement émis en juin 2022 dans le cadre d'un placement privé sans intermédiaire, sont actuellement exerçables au prix de 0,16 $ par action.

GMV Minerals se concentre sur le développement d'actifs de métaux précieux en Arizona via sa propriété Mexican Hat dans le comté de Cochise. Cette propriété, précédemment explorée par Placer Dome à la fin des années 1980 et au début des années 1990, possède une ressource inférée estimée NI 43-101 de 688 000 onces d'or provenant de 36 733 000 tonnes avec une teneur de 0,58 g/t en or, selon un seuil de coupure de 0,2 g/t.

GMV Minerals Inc. (GMVMF) hat die Verlängerung des Verfallsdatums von 4.500.000 nicht börsennotierten Kaufoptionsscheinen für Stammaktien von Juni 2024 auf den 24. Juni 2026 beantragt, vorbehaltlich der Genehmigung durch die TSX Venture Exchange. Die Optionsscheine, die ursprünglich im Juni 2022 im Rahmen einer nicht vermittelten Privatplatzierung ausgegeben wurden, sind derzeit zu einem Ausübungspreis von 0,16 $ pro Aktie ausübbar.

GMV Minerals konzentriert sich auf die Entwicklung von Edelmetallvorkommen in Arizona durch sein Mexican Hat-Grundstück im Cochise County. Das Grundstück, das zuvor von Placer Dome Ende der 1980er bis Anfang der 1990er Jahre erkundet wurde, weist eine NI 43-101 geschätzte abgeleitete Ressource von 688.000 Unzen Gold aus 36.733.000 Tonnen mit einem Gehalt von 0,58 g/t Gold bei einem Cut-off von 0,2 g/t auf.

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VANCOUVER, BC / ACCESS Newswire / May 13, 2025 / GMV Minerals Inc. (the "Company" or "GMV") (TSXV:GMV)(OTCQB:GMVMF) announces that it has applied to the TSX Venture Exchange to extend the expiry date for 4,500,000 of its outstanding unlisted common share purchase warrants (the "Warrants"). The Warrants, each of which is currently exercisable to purchase one common share of the Company at $0.16 per share, were originally issued by the Company as part of non-brokered unit private placement financing completed in June 2022. The Company will extend the expiry date of the Warrants to 4:30 pm PST on June 24, 2026, subject to TSX Venture Exchange approval.

The Company currently has an aggregate of 4,500,000 Warrants issued and outstanding pertaining to the Private Placement, of which 4,500,000 are eligible for amendment, pursuant to the policies of the Exchange.

About GMV Minerals Inc.

GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease commonly referred to as the Mexican Hat Property, located in Cochise County, Arizona, USA. The project was initially explored by Placer Dome (USA) in the late 1980's to early 1990's. GMV is focused on developing the asset and realizing the full mineral potential of the property through near term gold production. The Company's NI 43-101 resource estimate (Inferred) is 36,733,000 tonnes grading 0.58 g/t gold at a 0.2 g/t cut-off, containing 688,000 ounces of gold.

ON BEHALF OF THE BOARD OF DIRECTORS

________________________________________

Ian Klassen, President

For further information please contact:

GMV Minerals Inc.
Ian Klassen
Tel: (604) 899-0106
Email: Klassen@gmvminerals.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: GMV Minerals, Inc.



View the original press release on ACCESS Newswire

FAQ

What is the new expiry date for GMV Minerals' (GMVMF) warrants?

GMV Minerals' warrants will be extended to expire at 4:30 pm PST on June 24, 2026, subject to TSX Venture Exchange approval.

How many warrants of GMV Minerals (GMVMF) are eligible for the extension?

4,500,000 warrants are eligible for the extension, which represents all outstanding warrants from the June 2022 private placement.

What is the exercise price of GMV Minerals' (GMVMF) warrants?

The warrants are exercisable at $0.16 per common share.

What is the current gold resource estimate for GMV Minerals' Mexican Hat Property?

The NI 43-101 inferred resource estimate is 688,000 ounces of gold from 36,733,000 tonnes grading 0.58 g/t gold at a 0.2 g/t cut-off.
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