Midnight Sun Named as a Top 50 Performer on TSX Venture

Rhea-AI Summary

Midnight Sun Mining (TSXV: MMA) (OTC Pink: MDNGF) has been recognized in the 2024 TSX Venture 50™ list, which ranks top-performing companies on the TSX Venture Exchange. The ranking criteria include one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value, with equal weighting for each factor.

President & CEO Al Fabbro highlighted the company's significant achievements over the past year, noting increased market liquidity and capitalization. The company's success is attributed to its exploration activities at the Solwezi Copper Project, conducted under a Cooperative Exploration Plan with First Quantum. The company is focusing on both oxide copper mineralization for near-term cash flow and exploration of sulfide and oxide copper targets at Dumbwa, Kazhiba and Mitu locations as part of their 2025 exploration season.

Vancouver, British Columbia--(Newsfile Corp. - February 20, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ("Midnight Sun" or the "Company") is pleased to announce that it has been included in the 2024 TSX Venture 50^TM list. TSX Venture 50^TM is an annual ranking of the top-performing companies over the last year on the TSX Venture Exchange, a world-leading capital formation platform for early-stage growth firms. The companies are ranked based on three equally weighted criteria of one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value.

Midnight Sun's President & CEO, Al Fabbro, stated: "Midnight Sun has navigated a landmark year, and we are incredibly pleased to have been recognized by the TSX Venture Exchange as a 2024 Venture 50 Company. I am thrilled with the reception that Midnight Sun has received from the market over the past year and the increases in both liquidity and market cap we've seen as a result. Executing on our plans to explore and make transformative discoveries across our Solwezi Copper Project, while working on the potential to deliver near-term cash flow from oxide copper mineralization, under our Cooperative Exploration Plan with First Quantum, has driven exponential growth for Midnight Sun over the past year, and I believe we are only getting started. I look forward to continuing to deliver for our shareholders, as we bring our vision to life and get the 2025 exploration season underway on our sulfide and oxide copper targets at Dumbwa, Kazhiba and Mitu."

About Midnight Sun

Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia. Situated in the heart of the Zambia-Congo Copperbelt, the second largest copper producing region in the world, our property is vast and highly prospective. Our Solwezi Project is surrounded by world-class producing copper mines, including Africa's largest copper mining complex right next door, First Quantum's Kansanshi Mine. Led by an experienced geological team with multiple discoveries and mines around the world to their credit, Midnight Sun intends to find and develop Zambia's next generational copper deposit.

ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP.

Al Fabbro
President & CEO

For Further Information Contact:
Adrian O'Brien
Director of Marketing and Communications
Tel: +1 604 809 6890
Em: adrian@midnightsunmining.com

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 NEWS RELEASE.

This news release contains "forward-looking statements" within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be "forward looking statements." Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as "anticipates", "plans", "scheduled", "believed" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements.

Although the forward-looking statements contained in this news release are based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Such factors include, among others, risks relating to the timing and ability of the Company to obtain and the timing of the approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access to the project; risks inherent in mineral exploration, including the fact that any particular phase of exploration may be unsuccessful; geo-political risks; the global economic climate; metal prices; environmental risks; political risks; and community and non-governmental actions. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking statements. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241576

FAQ

What achievement did Midnight Sun Mining (MDNGF) receive in February 2024?

Midnight Sun Mining was named to the 2024 TSX Venture 50™ list, which recognizes top-performing companies on the TSX Venture Exchange.

What criteria were used to select MDNGF for the TSX Venture 50 list?

Companies were selected based on three equally weighted criteria: one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value.

What are the main exploration targets for MDNGF in 2025?

Midnight Sun Mining is focusing on sulfide and oxide copper targets at Dumbwa, Kazhiba and Mitu locations within their Solwezi Copper Project.

What is the partnership structure for MDNGF's Solwezi Copper Project?

The project is being explored under a Cooperative Exploration Plan with First Quantum, focusing on both oxide copper mineralization and exploration activities.

What improvements did MDNGF report in market performance?

The company reported increases in both market liquidity and market capitalization over the past year.