Supreme Critical Metals Inc. Acquires An Option on the Silver Vista Silver-Copper Property, Smithers, BC, Announces Financing
Supreme Critical Metals (OTC:VRCFF) has announced the acquisition of an option for the Silver Vista Silver-Copper Property in British Columbia, located 55 kilometers northeast of Smithers. The company will issue 1 million shares to Global Copper Corp. to assume the option agreement terms.
The property spans 4,839 hectares and has shown promising drill results, with the best intercept returning 48 g/t silver and 0.62% copper over 46 meters. The company must make staged cash payments totaling $95,000 through 2027 and commit to $100,000 in exploration expenditures by December 2025.
Additionally, Supreme announced a financing of up to $1.1 million through common shares at $0.10 per share to fund general corporate purposes and exploration activities.
Supreme Critical Metals (OTC:VRCFF) ha annunciato l'acquisizione di un'opzione per la Silver Vista Silver-Copper Property nella British Columbia, a 55 chilometri a nord-est di Smithers. La società emetterà 1 milione di azioni a Global Copper Corp. per assumere i termini dell'accordo di opzione.
La proprietà copre 4.839 ettari e ha mostrato risultati di perforazione promettenti, con il migliore intervallo che ha restituito 48 g/t di argento e 0,62% di rame su 46 metri. La società dovrà effettuare pagamenti in contanti scaglionati per un totale di $95.000 fino al 2027 e impegnarsi in $100.000 di spese di esplorazione entro dicembre 2025.
Inoltre, Supreme ha annunciato un finanziamento fino a $1,1 milioni tramite azioni ordinarie a $0,10 per azione, destinato a coprire le finalità aziendali generali e le attività di esplorazione.
Supreme Critical Metals (OTC:VRCFF) ha anunciado la adquisición de una opción sobre la Silver Vista Silver-Copper Property en Columbia Británica, ubicada a 55 kilómetros al noreste de Smithers. La compañía emitirá 1 millón de acciones a Global Copper Corp. para asumir los términos del acuerdo de opción.
La propiedad abarca 4.839 hectáreas y ha mostrado resultados de perforación prometedores, siendo la mejor intercepción de 48 g/t de plata y 0,62% de cobre en 46 metros. La empresa deberá efectuar pagos en efectivo escalonados por un total de $95,000 hasta 2027 y comprometerse a $100,000 en gastos de exploración antes de diciembre de 2025.
Además, Supreme anunció un financiamiento de hasta $1,1 millones mediante acciones ordinarias a $0,10 por acción para financiar propósitos corporativos generales y actividades de exploración.
Supreme Critical Metals (OTC:VRCFF)는 스미더스에서 북동쪽으로 55km 떨어진 브리티시컬럼비아의 Silver Vista Silver-Copper Property에 대한 옵션을 인수했다고 발표했습니다. 회사는 옵션 계약 조건을 인수하기 위해 Global Copper Corp.에 100만 주를 발행합니다.
해당 광산 부지는 4,839헥타르에 달하며 유망한 시추 결과를 보였고, 최고 교차구간에서는 은 48 g/t, 구리 0.62%가 46미터 구간에서 확인되었습니다. 회사는 2027년까지 총 $95,000의 단계별 현금 지급을 해야 하며 2025년 12월까지 $100,000의 탐사비 집행을 약속해야 합니다.
또한 Supreme은 일반 기업 목적 및 탐사 활동 자금 조달을 위해 주당 $0.10에 최대 $110만의 보통주 형태 자금 조달을 발표했습니다.
Supreme Critical Metals (OTC:VRCFF) a annoncé l'acquisition d'une option sur la Silver Vista Silver-Copper Property en Colombie-Britannique, située à 55 kilomètres au nord-est de Smithers. La société émettra 1 million d'actions à Global Copper Corp. pour reprendre les termes de l'accord d'option.
La propriété couvre 4 839 hectares et a donné des résultats de forage prometteurs, le meilleur intercept ayant retourné 48 g/t d'argent et 0,62% de cuivre sur 46 mètres. La société devra effectuer des paiements en espèces échelonnés totalisant 95 000 $ d'ici 2027 et s'engager à 100 000 $ de dépenses d'exploration avant décembre 2025.
De plus, Supreme a annoncé un financement pouvant aller jusqu'à 1,1 million $ par émission d'actions ordinaires à 0,10 $ par action, destiné aux besoins généraux de la société et aux activités d'exploration.
Supreme Critical Metals (OTC:VRCFF) hat die Übernahme einer Option für die Silver Vista Silver-Copper Property in British Columbia bekanntgegeben, die 55 Kilometer nordöstlich von Smithers liegt. Das Unternehmen wird 1 Million Aktien an Global Copper Corp. ausgeben, um die Bedingungen der Optionsvereinbarung zu übernehmen.
Das Grundstück erstreckt sich über 4.839 Hektar und zeigte vielversprechende Bohrergebnisse; der beste Abschnitt ergab 48 g/t Silber und 0,62% Kupfer über 46 Meter. Das Unternehmen muss gestaffelte Barzahlungen in Höhe von insgesamt $95.000 bis 2027 leisten und sich verpflichten, bis Dezember 2025 $100.000 an Explorationsausgaben zu tätigen.
Außerdem kündigte Supreme eine Finanzierung von bis zu $1,1 Millionen durch Stammaktien zu $0,10 pro Aktie an, um allgemeine Unternehmenszwecke und Explorationsaktivitäten zu finanzieren.
- None.
- Significant cash payments and work commitments required over three years
- 2% NSR royalty burden on the property
- Dilution from 1 million share issuance for option acquisition
- Additional dilution from $1.1M financing at $0.10 per share
VANCOUVER, BC / ACCESS Newswire / August 21, 2025 / Pursuant with Supreme Critical Metals Inc. (CSE:CRIT)(FWB:VR61)(OTC PINK:VRCFF) ("Supreme" or the "Company") focus to acquire silver properties, the Company announces the acquisition of the Silver Vista Silver-Copper Property (the "Property") located 55 kilometres northeast of Smithers, British Columbia. The Company can acquire a
The Silver Vista property comprises 4,839 hectares and is accessible by logging roads and is characterized by gentle topography. Surface sampling and drilling have indicated multiple, stacked horizons of silver-copper (zinc) mineralization in stratiform sedimentary sequences, consistent with a Stratabound Copper-Silver Deposit model. A modest drill program of 1,507 metres in 9 holes in 2021, returned the best intercepts to date on the property. Drill hole SV21-07, returned a continuous 46-metre-long zone from 106 metres averages 48 grams per tonne silver ("g/t Ag") and 0.62 per cent copper ("% Cu"): This zone includes a 17-metre section containing 94 g/t Ag and 1.34 % Cu. Along this zone as well, the highest silver grade of 431 grams per tonne (121 to 122 metres) and the highest copper grade of 2.57 per cent (112 to 113 metres) were picked up.
Drilling to date has only focused on the "MR prospect", which represents the original discovery in a logging road cut. Extensive soil geochemistry has indicated multiple high priority anomalies that have not been drill tested. Silver-in-soil anomalies are contoured based on a 1 g/t Ag threshold with an anomaly extends for 800 metres South-Southeast of the MR prospect.
On worldwide basis, stratabound copper-silver deposits contain 23 per cent of all copper resources and are the second-most important global source of the metal after porphyry copper deposits (1). These deposits may host significant byproduct values of silver, cobalt and zinc. Petrographic analysis on Silver Vista core (2012) indicated that the mineralization is "consistent with sediment-hosted copper-silver mineralization formed during the late stages of, or after, diagenesis" and concluded that "Silver Vista has the potential to host important bulk tonnage silver mineralization" (2).
Drill targets are proposed on the MR prospect to follow-up on the 2021 intersections, and on other geochemical targets. The Company intends to initiate permitting a drill program when the current transaction is approved. The Property is located only 23 kilometres west-southwest of the high-profile NAK project owned by American Eagle Gold Corp. ("AE"), and within the traditional territory of the Lake Babine Nation.
Acquisition Terms
The Company can fulfill the underlying terms as defined by the September 24, 2024, Option Agreement between the property owners and Global Copper Corp:
Cash Payments
$25,000 due by December 31st, 2025$30,000 due by December 31st, 2026$40,000 due by December 31st, 2027
Work Commitment -
$100,000 expenditures by December 31st, 2025Underlying NSR" - a
2.0% underlying NSR royalty is held by Amarc Resources Corp. ("Armarc"). The underlying vendor shall have the right at any time to purchase one-half of the NSR (1% ) in consideration of the payment to Amarc of$1 million .
"The acquisition of the Silver Vista silver-copper property represents the initial asset of the Company's focus on properties with significant silver values. This property is at the drill stage, has an excellent and expansive geological and geochemical data base, and with year-round road access, can be explored efficiently." stated George Tsafalas, President of Supreme. "We will be adding to our team, including technical personnel with strong silver experience to advance the Silver Vista project and accelerate additional acquisitions".
Helgi Sigurgeirson, P Geo, a Certified Professional Geologist and 'qualified person' for the purposes of Canada's National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified and approved the information contained in this news release.
Financing
Supreme also announces a financing of up to
Previously announced press release dated on July 7, 2025, the Company has issued the 4 million common shares (post consolidated) for the amendment to the uranium property option and is now closed.
Supreme is dedicated to keeping our shareholders informed of our progress and will provide updates as we advance our initiatives within the silver sector. We appreciate the continued support of our shareholders and are enthusiastic about the future of our Company in this market.
Stratabound Copper-Silver Deposits of the Mesoproterozoic Revett Formation, Montana and Idaho, 2005,by David E. Boleneus, et al, U.S. Geological Survey, Scientific Investigations Report 2005-5231
Petrographic Description of Six Samples from the Silver Vista Project, British Columbia Prepared for Amarc Resources, 2012, J. Lang, Internal Company Report
About Supreme Critical Metals Inc.
SUPREME CRITICAL METALS INC. is a publicly traded diversified investment corporation actively exploring and investigating multiple opportunities in lithium, copper, silver, and precious metals. The Company adheres to strategic guidelines that prioritize regions conducive to mining, supported by favourable government regulations and existing infrastructure.
For further information, please contact:
George Tsafalas, Director
Phone: Toll Free 1(778) 373-8578
E-mail: info@supremecritalmetals.com
www.supremecriticalmetals.com
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information and forward-looking statements (collectively, "forward-looking information"). Such forward-looking information is provided to inform the Company's shareholders and potential investors about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "anticipate", "proposed", "estimates", "would", "expects", "intends", "plans", "may", "will", and similar expressions, although not all forward-looking information contain these identifying words.
More particularly and without limitation, the forward‐looking information in this news release includes: expectations regarding the Company's business plans and operations. Forward-looking information is based on a number of factors and assumptions that have been used to develop such information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. The forward-looking information in this news release reflects the Company's current expectations, assumptions and/or beliefs based on information currently available to the Company.
Whether actual results, performance, or achievements will conform to Supreme's expectations and predictions is subject to a number of known and unknown risks and uncertainties, which could cause actual results and experience to differ materially from Supreme's expectations. Such material risks and uncertainties include, but are not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals.
Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or expressly qualified by this cautionary statement.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of this release.
SOURCE: Supreme Critical Metals Inc.
View the original press release on ACCESS Newswire
FAQ
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