GMV Minerals Announces Extension of Expiry Date for Warrants

Rhea-AI Summary

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.

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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.