Sterling Metals Announces Exploration Agreement with Garden River First Nation

Rhea-AI Summary

Sterling Metals (OTCQB:SAGGF) has signed a significant exploration agreement with Garden River First Nation (GRFN) for its 100%-owned Soo Copper project in Batchewana Bay, Ontario. As part of the agreement, Sterling will issue 210,000 common shares subject to a four-month hold period.

Additionally, the company has engaged two investor relations firms: Plutus Invest & Consulting GmbH for a 12-month European marketing campaign worth up to €375,000, and NIA for a 6-month North American communications program at USD$50,000, with extension options available.

Positive

• Secured exploration agreement with Garden River First Nation, strengthening local relationships
• Expanded investor relations reach through strategic partnerships in Europe and North America
• 100% ownership of Soo Copper project maintained

Negative

• Significant marketing expenses with Plutus (€375,000) and NIA (USD$50,000)
• Share dilution through issuance of 210,000 common shares

TORONTO, ON / ACCESS Newswire / September 19, 2025 / Sterling Metals Corp. (TSXV:SAG)(OTCQB:SAGGF) ("Sterling" or the "Company") is pleased to announce that it has entered into an exploration agreement dated September 8, 2025 (the "Agreement"), with Garden River First Nation ("GRFN") to promote a cooperative and mutually respectful relationship concerning the 100%-owned Soo Copper project located in Batchewana Bay, Ontario (the "Project"), and any additional mining claims or properties in which Sterling may acquire an interest, located within GRFN traditional territory.

Mathew Wilson, President and Chief Executive Officer of the Company, stated: "We are very pleased with the signing of the Exploration Agreement as it is a further demonstration of the positive working relationship established with the GRFN. We look forward to working with the GRFN over the years to come."

In connection with the Agreement, the Company has agreed to, among other things, issue 210,000 common shares (each, a "Common Share") in the capital of the Company upon execution of the Agreement.

The Common Shares issued pursuant to the Agreement will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The issuance of Common Shares remains subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

Corporate Matters

The Company also wishes to announce that it has entered into agreements with Plutus Invest & Consulting GmbH ("Plutus") and GRA Enterprises LLC DBA National Inflation Association ("NIA") for investor relations and communication services.

The Company and Plutus entered into a marketing services and consulting agreement (the "Plutus Agreement") dated September 12, 2025. The Plutus Agreement has an initial term of twelve months, commencing on September 22, 2025. Pursuant to the terms of the Plutus Agreement, the Company will pay Plutus a media budget of €125,000 and up to €250,000 on a fee for services rendered basis. The services to be provided by Plutus will include, among other things, public relations strategies and designing and implementing an advertisement-based investor campaign focused on the European investment market.

Plutus is a German based company controlled by Marco Messina. The Company will not issue any securities to Plutus as compensation. Plutus and its principals are at arm's length to the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right to acquire such an interest.

The Company and NIA entered into a consulting agreement (the "NIA Agreement") dated September 12, 2025. The NIA Agreement has an initial term of 6 months. Pursuant to the terms of the NIA Agreement, the Company will pay NIA USD$50,000. The term of the NIA Agreement can be extended by three months for an additional USD$30,000, 6 months for an additional USD$50,000 or one year for an additional USD$100,000. NIA will leverage its expansive distribution channels-including targeted email lists, website features, and blog content-to highlight Company's growth story and project developments.

NIA, based in Mooresville, North Carolina, has a strong track record of investor communications for publicly traded companies. The Company will not issue any securities to NIA as compensation. NIA and its principals are at arm's length to the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right to acquire such an interest.

For more information about NIA: Contact ga@gerardadams.com or visit them at 112 Camp Lane, Mooresville, North Carolina, 28117.

About Sterling Metals

Sterling (TSXV:SAG) and (OTCQB:SAGGF) is a mineral exploration company focused on large scale and high-grade Canadian exploration opportunities. The Company is advancing the 25,000-hectare Copper Road Project in Ontario which has past production, and multiple breccia and porphyry targets strategically located near robust infrastructure and the 29,000-hectare Adeline Project in Labrador which covers an entire sediment-hosted copper belt with significant silver credits. Both opportunities have demonstrated potential for important new copper discoveries, underscoring Sterling's commitment to pioneering exploration in mineral rich Canada.

Sterling Metals acknowledges that its exploration activities within the Soo Copper project are conducted on the traditional lands of the Garden River, Michipicoten and Batchewana First Nations of the North Shore of Lake Superior. We recognize and respect the longstanding and diverse relationships Indigenous Peoples have with the land and are committed to engaging in a manner that is respectful, transparent, and inclusive.

For more information, please contact:

Sterling Metals Corp.
Mathew Wilson, CEO and Director
Tel: (416) 643-3887
Email: info@sterlingmetals.ca
Website: www.sterlingmetals.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.

This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information

SOURCE: Sterling Metals Corp.

View the original press release on ACCESS Newswire

FAQ

What is the exploration agreement between Sterling Metals (SAGGF) and Garden River First Nation?

Sterling Metals signed an exploration agreement on September 8, 2025, with Garden River First Nation for its 100%-owned Soo Copper project in Batchewana Bay, Ontario, involving the issuance of 210,000 common shares.

How much is Sterling Metals (SAGGF) spending on investor relations in 2025?

Sterling is investing up to €375,000 with Plutus for European marketing and USD$50,000 with NIA for North American communications, with additional extension options available.

What are the terms of Sterling Metals' marketing agreement with Plutus?

The 12-month agreement starting September 22, 2025, includes a €125,000 media budget and up to €250,000 for services, focusing on European investor campaigns.

How long are the Sterling Metals (SAGGF) shares issued to GRFN restricted?

The 210,000 common shares issued under the agreement are subject to a four-month plus one day hold period from the date of issuance.