Metals Creek Acquires 0.5 % NSR on the Tillex Property from Blue Moon Metals Inc. (formerly Savant Explorations Ltd.)

Rhea-AI Summary

Metals Creek Resources (MCREF) announced it has acquired a 0.5% Net Smelter Royalty (NSR) on the Tillex property from Blue Moon Metals (formerly Savant) in exchange for 50,000 Metals Creek common shares.

The Tillex property is in Currie Township, about 65 km east of Timmins, Ontario. The transfer resolves a 0.5% NSR that originated from a November 29, 2008 purchase agreement when Metals Creek acquired an 85% interest in Tillex subject to that NSR. The share issuance and NSR transfer are subject to TSXV approval. Date of announcement: January 9, 2026.

News Market Reaction – MCREF

-2.71%

1 alert

-2.71% News Effect

On the day this news was published, MCREF declined 2.71%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Thunder Bay, Ontario--(Newsfile Corp. - January 9, 2026) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or Metals Creek) is pleased to announce that the Company has acquired the 0.5% Net Smelter Royalty (NSR) from Blue Moon Metals Inc. (Blue Moon), (formerly Savant Explorations Ltd. ("Savant")) on the Tillex property located in Currie Township, 65 km east of Timmins, Ontario.

On the 29^th November 2008, Metals Creek and Savant entered into a purchase agreement pursuant to which Metals Creek acquired the 85% interest in the Tillex property owned by Savant subject to a 0.5% NSR in favor of Savant which Metals Creek had the right to purchase..

In accordance with the agreement, Metals Creek has exercised its right to acquire the 0.5% NSR in consideration of the issuance of 50,000 Metals Creek common shares to Blue Moon.

This transaction is subject to TSXV approval.

About Metals Creek Resources Corp.

Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property from Newmont Corporation, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF).

Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below.

Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedarplus.ca.

Neither the 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.

Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
telephone: (709)-256-6060
fax: (709)-256-6061
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279901

FAQ

What did Metals Creek (MCREF) acquire on January 9, 2026?

Metals Creek acquired a 0.5% NSR on the Tillex property from Blue Moon in exchange for 50,000 common shares.

Where is the Tillex property referenced in the MCREF announcement?

The Tillex property is located in Currie Township, approximately 65 km east of Timmins, Ontario.

Was the 0.5% NSR on Tillex a new encumbrance for MCREF?

No; the 0.5% NSR dated to a November 29, 2008 purchase agreement when Metals Creek acquired an 85% interest in Tillex subject to that NSR.

How did Metals Creek (MCREF) settle the NSR with Blue Moon?

The NSR was acquired in consideration of the issuance of 50,000 Metals Creek common shares to Blue Moon Metals.

Is the NSR transfer to Metals Creek effective immediately?

The transaction is subject to TSXV approval, so it is conditional until approved.