Emperor Metals Inc (QB) (EMAUF) News

EMAUF,,,latest news https://emperormetals.com/_resources/news/nr-20250211.pdf

EMAUR,,, Canada emperormetals.co 1 778 323 3058
Emperor Metals Proposes to Acquire Surface Rights to Lac Pelletier Property, QuebecPress Release | 01/09/2025

Edmonton, Alberta--(Newsfile Corp. - January 9, 2025) - Emperor Metals Inc. (CSE: AUOZ) (the "Company" or "Emperor Metals") – is pleased to announce that, further to its announcement on January 7, 2025 regarding the acquisition of the undersurface rights and interests to the Lac Pelletier Property (the "Lac Pelletier Property" or the "Property") from Maritime Resources Corp., it has now entered into a binding agreement of purchase and sale dated January 9, 2024 (the "Purchase and Sale Agreement") with a wholly owned subsidiary of Eldorado Gold Corporation ("Eldorado Gold") to acquire Eldorado's surface rights to the Lac Pelletier Property. The primary consideration for the acquisition is the assumption of all the liabilities of Eldorado Gold in connection with the rehabilitation and restoration plan related to the Property, including a cash bond and a surety bond in the aggregate amount of $305,349, and the release of Eldorado Gold's financial guarantee from the Quebec Minister of Natural Resources and Forests. The closing of the Purchase and Sale Agreement is subject to certain conditions customary for transactions of this nature, including no objection from the Canadian Securities Exchange. It is expected that the transaction will close before April 15, 2025.

The surface rights to the Lac Pelletier Property are comprised of 5 lots which are located approximately 4 km southwest of the city of Rouyn-Noranda, Quebec. These rights include a mining lease with a 1,000 tonnes/day mine permit.

The Property is subject to a one percent (1.0%) net smelter returns royalty reserved to Metalla Royalty & Streaming Ltd. pursuant to an underlying royalty agreement.

For further details regarding the Lac Pelletier Property, please refer to the Company's press release of January 7, 2025, which is available on SEDAR+ as well as the Company's website at

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EMAUF,,recent News,,Emperor Metals Proposes to Acquire Surface Rights to Lac Pelletier Property, QuebecPress Release | 01/09/2025
Edmonton, Alberta--(Newsfile Corp. - January 9, 2025) - Emperor Metals Inc. (CSE: AUOZ) (the "Company" or "Emperor Metals") – is pleased to announce that, further to its announcement on January 7, 2025 regarding the acquisition of the undersurface rights and interests to the Lac Pelletier Property (the "Lac Pelletier Property" or the "Property") from Maritime Resources Corp., it has now entered into a binding agreement of purchase and sale dated January 9, 2024 (the "Purchase and Sale Agreement") with a wholly owned subsidiary of Eldorado Gold Corporation ("Eldorado Gold") to acquire Eldorado's surface rights to the Lac Pelletier Property. The primary consideration for the acquisition is the assumption of all the liabilities of Eldorado Gold in connection with the rehabilitation and restoration plan related to the Property, including a cash bond and a surety bond in the aggregate amount of $305,349, and the release of Eldorado Gold's financial guarantee from the Quebec Minister of Natural Resources and Forests. The closing of the Purchase and Sale Agreement is subject to certain conditions customary for transactions of this nature, including no objection from the Canadian Securities Exchange. It is expected that the transaction will close before April 15, 2025.
The surface rights to the Lac Pelletier Property are comprised of 5 lots which are located approximately 4 km southwest of the city of Rouyn-Noranda, Quebec. These rights include a mining lease with a 1,000 tonnes/day mine permit.
The Property is subject to a one percent (1.0%) net smelter returns royalty reserved to Metalla Royalty & Streaming Ltd. pursuant to an underlying royalty agreement.
For further details regarding the Lac Pelletier Property, please refer to the Company's press release of January 7, 2025, which is available on SEDAR+ as well as the Company's website at www.emperormetals.com.

EMAUF,,,,Emperor Metals Inc. is a gold exploration and development company focused on proving and developing the substantial resource potential of the Duquesne West Gold project, located in Rouyn-Noranda districts in Quebec, Canada. Emperor Metals is led by a dynamic group of resource sector professionals who have a strong record of success in evaluating and advancing mining projects from exploration through to production, attracting capital and overcoming adversity to deliver exceptional shareholder value.