Metal Energy Completes Phase 1 Requirements for NIV Property Option Agreement

Rhea-AI Summary

Metal Energy (OTCQB: MEEEF) completed the first phase of its option agreement to earn an 80% undivided interest in the NIV and West NIV exploration properties in north-central British Columbia.

The company issued 862,708 common shares to the optionor, paid aggregate cash of $300,000 required for phase one, and noted the shares carry a four-month-plus-one-day hold. NIV is described as a fully permitted, drill-ready copper-gold-molybdenum porphyry target in the Toodoggone District. The transaction remains subject to final TSX Venture Exchange approval.

Positive

• Earn-in option: right to 80% interest in NIV properties
• Drill-ready and fully permitted copper-gold-molybdenum project
• Established anomalies: coincident geochemical and geophysical targets
• Right of first refusal secured for remaining 20% interest

Negative

• Issued 862,708 common shares, creating potential dilution
• Completed cash outlay of $300,000 in initial payments
• Transaction subject to TSXV final approval, outcome pending

News Market Reaction

+15.09%

1 alert

+15.09% News Effect

On the day this news was published, MEEEF gained 15.09%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Earn-in interest: 80% undivided interest Residual interest: 20% remaining interest Share issuance: 862,708 shares +5 more

8 metrics

Earn-in interest 80% undivided interest Option agreement on NIV and West NIV properties

Residual interest 20% remaining interest Subject to right of first refusal agreement

Share issuance 862,708 shares Issued to optionor under phase one of Option Agreement

Cash payment $300,000 Aggregate initial cash payments for phase one obligations

Hold period Four months and one day Restriction period on issued shares from date of issuance

52-week high $0.4817 Matches current price before this news

52-week low $0.0132 Pre-news trading far above prior 52-week low

24h reaction 15.09% Price change 24h after this event in historical record

Market Reality Check

Price: $0.6397 Vol: Volume 500 is well below ...

low vol

$0.6397 Last Close

Volume Volume 500 is well below 20-day average of 11,333 shares, indicating limited pre-news activity. low

Technical Price at 0.4817 is trading above 200-day MA of 0.06 and matches the 52-week high.

Peers on Argus

While MEEEF was flat pre-announcement, peers like NVSGF and AMLM showed declines...

While MEEEF was flat pre-announcement, peers like NVSGF and AMLM showed declines of -4.69% and -3.94%, indicating no clear sector-wide lift tied to this milestone.

Historical Context

1 past event · Latest: Nov 26 (Positive)

Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Nov 26	Property option milestone	Positive	+15.1%	Completion of phase one cash and share obligations on NIV option.

Pattern Detected

The single recorded event shows a +15.09% move on this news, suggesting initial market response aligned with the positive operational milestone.

Recent Company History

On Nov 26, Metal Energy reported completing phase one obligations under its option agreement to earn an 80% undivided interest in the NIV and West NIV properties, issuing 862,708 shares and paying $300,000 in cash. NIV is described as a fully permitted, drill-ready copper-gold-molybdenum porphyry target in the Toodoggone District. The stock moved +15.09% over 24 hours, indicating a favorable reaction to advancing this project, pending final TSX Venture Exchange approval.

Market Pulse Summary

The stock surged +15.1% in the session following this news. A strong positive reaction aligns with t...

Analysis

The stock surged +15.1% in the session following this news. A strong positive reaction aligns with the prior +15.09% move seen when this phase-one completion was recorded, as the market responded to de-risking of the NIV and West NIV option path. With the stock already at its 52-week high and trading above the 200-day MA, investors previously rewarded tangible progress toward a fully permitted, drill-ready porphyry target, while remaining mindful that the transaction required final TSX Venture Exchange approval.

Key Terms

option agreement, right of first refusal, hold period, porphyry, +1 more

5 terms

option agreement financial

"completed the first phase of the of requirements under the option agreement"

An option agreement is a contract that gives one party the right, but not the obligation, to buy or sell a specific asset (like company shares or property) at a pre-agreed price within a set time period. Think of it like a reservation or ticket that holds a purchase at today’s terms for later — it matters to investors because it can create potential future value or liability, change ownership stakes, and affect share dilution and company control.

right of first refusal financial

"entered into a right of first refusal agreement for the remaining 20%"

A right of first refusal gives an existing shareholder or party the chance to buy an asset or shares before the owner can sell them to someone else. Think of it like being offered the first option to buy a house when the owner decides to sell; it matters to investors because it can limit who can acquire a stake, slow or block transactions, and affect the price and liquidity of an investment by restricting open-market sales or new buyers.

hold period regulatory

"The Shares are subject to a hold period of four months and one day"

A hold period is a specific span of time during which an investor is required or expected to keep a security or asset and cannot freely sell it or realize its value. It matters because it limits liquidity and can affect tax treatment, risk exposure and timing of gains or losses—like a cooling-off or fixed-term commitment that prevents you from quickly cashing out even if market conditions change.

porphyry technical

"compelling porphyry target in the Toodoggone District"

A porphyry is a type of large, underground mineral deposit that contains valuable metals such as copper, gold, or molybdenum, often spread over a wide area. Think of it as a giant underground treasure chest, where the metals are embedded in rock formations. These deposits are important to investors because they can be the source of significant resource extraction projects with the potential for substantial economic returns.

TSX Venture Exchange regulatory

"The transaction remains subject to final approval from the TSX Venture Exchange"

A junior stock exchange in Canada where smaller, early-stage companies list shares to raise capital and gain public visibility. Think of it as a farmers’ market for young businesses: it offers investors a chance to buy into fast-growing but higher-risk ventures, with looser listing rules and typically lower liquidity than major exchanges. It matters because performance and financing on this exchange can signal growth prospects or risk for investors.

AI-generated analysis. Not financial advice.

Toronto, Ontario--(Newsfile Corp. - November 26, 2025) - Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) (the "Company" or "Metal Energy") is pleased to announce that it has completed the first phase of the of requirements under the option agreement (the "Agreement") previously announced on October 23, 2025 (view here) and October 28, 2025 (view here) respecting the NIV and West NIV exploration properties in north-central British Columbia (the "Properties") by issuing the common shares to the optionor and making the required cash payment in accordance with the terms of the Option Agreement.

"With this first phase complete, we move NIV one step closer to drilling. We're now focused on bringing forward the value we see in this compelling porphyry target in the Toodoggone District," said Stephen Stewart, Chairman of Metal Energy.

The Option Agreement grants Metal Energy the exclusive right to earn an 80% undivided interest in the NIV and West NIV properties. As announced on November 19, 2025 (view here), the Company has also entered into a right of first refusal agreement for the remaining 20% of the Properties. NIV is a fully permitted, drill-ready copper-gold-molybdenum project located in British Columbia's prolific Toodoggone District and features extensive, coincident geochemical and geophysical anomalies in a favourable geological setting consistent with large-scale porphyry systems.

Pursuant to the Option Agreement, Metal Energy has issued 862,708 common shares (the “Shares”) to the optionor. The Shares are subject to a hold period of four months and one day from the date of issuance. The Company is completing the initial cash payments in the aggregate amount of $300,000 required under the first phase of the Option Agreement. The transaction remains subject to final approval from the TSX Venture Exchange.

About Metal Energy

Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) is a critical metals exploration company focused on copper and gold assets in Canada. The Company now controls NIV, a newly acquired, fully permitted, and drill-ready copper-gold-molybdenum project located in British Columbia's prolific Toodoggone District, a region known for significant porphyry deposits.

With the addition of NIV, Metal Energy's portfolio now includes three high-potential projects:

• NIV Project (Cu-Au-Mo, 100%-controlled) – Toodoggone District, BC
• Highland Valley Project (Cu-Mo-Ag-Au-Re, 100%-owned) – British Columbia
• Manibridge Project (Ni-Cu-Co-PGE, 85%-owned) – Manitoba

For further information, please contact:

Metal Energy Corp.
MERG on the TSXV
info@oregroup.ca 
www.metalenergy.ca

Reader Advisory

Certain information set forth in this news release contains forward-looking statements or information ("forward-looking statements"), including details about the business of Metal Energy. All statements in this news release, other than statements of historical facts, that address events or developments that Metal Energy expects to occur, are forward-looking statements, including, but not limited to, the ability of Metal Energy to earn the interest in the Property by the completion of the work obligations, or the exercise of the option. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Metal Energy's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, stock market volatility. Although the Company believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in Metal Energy's public disclosure documents available at www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Metal Energy does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange Inc. 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276092

FAQ

What did Metal Energy (MEEEF) announce on November 26, 2025 about the NIV option?

Metal Energy completed phase one by issuing 862,708 shares and paying $300,000 toward an option to earn 80% interest in the NIV properties.

How much of the NIV project can Metal Energy (MEEEF) earn under the option agreement?

Metal Energy holds the exclusive right to earn an 80% undivided interest in the NIV and West NIV properties.

Is the NIV project drill-ready according to Metal Energy (MEEEF)?

Yes; the company describes NIV as a fully permitted, drill-ready copper-gold-molybdenum project in the Toodoggone District.

What are the immediate shareholder impacts from Metal Energy's (MEEEF) phase one completion?

Immediate impacts include the issuance of 862,708 shares (subject to a 4-month plus one-day hold) and a $300,000 cash payment.

Does Metal Energy (MEEEF) have rights to the remaining 20% of the NIV properties?

The company entered a right of first refusal for the remaining 20% as previously announced.