Prospector Applies to Extend Warrants

Rhea-AI Summary

Prospector Metals Corp (TSXV: PPP) (OTCQB: PMCOF) has applied to the TSX Venture Exchange to extend the expiration date of 1,785,711 common share purchase warrants. The warrants, currently set to expire on May 21, 2025, would be extended by 12 months to May 21, 2026. Each warrant allows holders to purchase one common share at an exercise price of CAD$0.30. The extension is pending TSXV approval, and warrant holders will only receive amended certificates upon request.

Vancouver, British Columbia--(Newsfile Corp. - May 2, 2025) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET) ("Prospector" or the "Company"), announces that the Company has applied to the TSX Venture Exchange (the "TSXV") to extend the term of 1,785,711 common share purchase warrants currently set to expire on May 21, 2025 to expire on May 21, 2026 (the "Warrants"). Each Warrant is exercisable to purchase one common share in the capital of the Company at an exercise price of CAD$0.30. Holders of Warrants will not receive an amended Warrant certificate unless requested.

The amendment to extend the expiry date of the Warrants for twelve (12) months to May 21, 2026 is subject to the approval of the TSXV.

About Prospector Metals Corp.

Prospector Metals Corp. is a proud member of Discovery Group. The Company is focused on district scale, early-stage exploration of gold and base metal prospects. Creating shareholder value through new discoveries, the Company identifies underexplored or overlooked mineral districts displaying important structural and mineralogical occurrences similar to more established mining operations. The majority of acquisition activity occurs in Yukon and Ontario, Canada - Tier-1 mining jurisdictions with an abundance of overlooked geological regions possessing high mineral potential. Prospector establishes and maintains relationships with local and Indigenous rightsholders and seeks to develop partnerships and agreements that are mutually beneficial to all interested parties.

On behalf of the Board of Directors,
Prospector Metals Corp.

Dr. Rob Carpenter, Ph.D., P.Geo.
President & CEO

For further information about Prospector Metals Corp. or this news release, please visit our website at prospectormetalscorp.com or contact Prospector at 1-778-819-5520 or by email at info@prospectormetalscorp.com.

Prospector Metals Corp. is a proud member of Discovery Group. For more information please visit: discoverygroup.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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250690

FAQ

What is the new expiration date for PMCOF's warrants?

Pending TSXV approval, the warrants will expire on May 21, 2026, extended from the original May 21, 2025 expiration date.

How many warrants is Prospector Metals Corp seeking to extend?

Prospector Metals Corp is seeking to extend 1,785,711 common share purchase warrants.

What is the exercise price of Prospector Metals' warrants?

The warrants have an exercise price of CAD$0.30 per common share.

Do PMCOF warrant holders need to request new warrant certificates?

No, warrant holders will only receive amended warrant certificates if they specifically request them.