Supreme Critical Metals Inc. Announces Amendment to Uranium Property Option, Relinquishes Nickel Property
Supreme Critical Metals (OTCID:VRCFF) has announced significant changes to its property portfolio. The company has amended its option agreement with Yellow Chief Uranium, eliminating all cash and work obligations. Instead, Supreme will only need to issue 8 million shares to acquire 100% interest in the Yellow Chief properties, with 4 million shares to be issued immediately and the remainder in one year.
The Yellow Chief properties include 5 claims covering 3,513.2 ha in Saskatchewan and 28 claims covering 130.1 ha in Utah, including part of the former Yellow Chief Mine. Additionally, Supreme has relinquished its interest in the Saguenay Nickel Project in Quebec to focus on assets with clearer production potential.
Supreme Critical Metals (OTCID:VRCFF) ha annunciato importanti modifiche al proprio portafoglio di propriet脿. La societ脿 ha modificato il suo accordo di opzione con Yellow Chief Uranium, eliminando tutti gli obblighi di pagamento in contanti e di lavoro. Invece, Supreme dovr脿 emettere soltanto 8 milioni di azioni per acquisire il 100% degli interessi nelle propriet脿 Yellow Chief, con 4 milioni di azioni da emettere immediatamente e il resto entro un anno.
Le propriet脿 Yellow Chief comprendono 5 concessioni che coprono 3.513,2 ettari in Saskatchewan e 28 concessioni che coprono 130,1 ettari nello Utah, inclusa una parte dell'ex miniera Yellow Chief. Inoltre, Supreme ha rinunciato al suo interesse nel progetto Saguenay Nickel in Quebec per concentrarsi su asset con un potenziale produttivo pi霉 chiaro.
Supreme Critical Metals (OTCID:VRCFF) ha anunciado cambios significativos en su cartera de propiedades. La compa帽铆a ha modificado su acuerdo de opci贸n con Yellow Chief Uranium, eliminando todas las obligaciones de pago en efectivo y de trabajo. En su lugar, Supreme solo necesitar谩 emitir 8 millones de acciones para adquirir el 100% de inter茅s en las propiedades Yellow Chief, con 4 millones de acciones a emitir inmediatamente y el resto en un a帽o.
Las propiedades Yellow Chief incluyen 5 reclamos que cubren 3,513.2 ha en Saskatchewan y 28 reclamos que cubren 130.1 ha en Utah, incluyendo parte de la antigua mina Yellow Chief. Adem谩s, Supreme ha renunciado a su inter茅s en el Proyecto de N铆quel Saguenay en Quebec para centrarse en activos con un potencial de producci贸n m谩s claro.
Supreme Critical Metals (OTCID:VRCFF)電� 鞛愳偘 韽姼韽措Μ鞓れ棎 欷戨寑頃� 氤�頇旊ゼ 氚滍憸頄堨姷雼堧嫟. 須岇偓電� Yellow Chief Uranium瓿检潣 鞓奠厴 瓿勳暯鞚� 靾橃爼頃橃棳 氇摖 順勱笀 氚� 鞛戩梾 鞚橂毳� 鞐嗢暣鞀惦媹雼�. 雽�鞁� Supreme鞚� Yellow Chief 鞛愳偘鞐� 雽�頃� 100% 歆�攵勳潉 旆摑頃橁赴 鞙勴暣 8氚彪 欤�鞚� 欤检嫕毵� 氚滍枆頃橂┐ 霅橂┌, 攴胳 4氚彪 欤�電� 歃夓嫓 氚滍枆頃橁碃 雮橂ǜ歆�電� 1雲� 頉勳棎 氚滍枆頃� 鞓堨爼鞛呺媹雼�.
Yellow Chief 鞛愳偘鞐愲姅 靷姢旃挫箻鞗� 欤检棎 3,513.2項ロ儉毳措ゼ 韽暔頃橂姅 5臧� 觳惮歆�鞕赌 鞙犿儉 欤检棎 130.1項ロ儉毳措ゼ 韽暔頃橂姅 28臧� 觳惮歆�臧� 韽暔霅橂┌, 鞐赴鞐愲姅 鞚挫爠 Yellow Chief 甏戩偘鞚� 鞚茧秬霃� 韽暔霅╇媹雼�. 霕愴暅 Supreme鞚� 靸濎偘 臧�電レ劚鞚� 雿� 氇呿檿頃� 鞛愳偘鞐� 歆戩頃橁赴 鞙勴暣 韤橂病鞚� Saguenay 雼堨紙 頂勲鞝濏姼鞐� 雽�頃� 歆�攵勳潉 韽赴頄堨姷雼堧嫟.
Supreme Critical Metals (OTCID:VRCFF) a annonc茅 des changements importants dans son portefeuille de propri茅t茅s. La soci茅t茅 a modifi茅 son accord d'option avec Yellow Chief Uranium, supprimant toutes les obligations de paiement en esp猫ces et de travaux. D茅sormais, Supreme devra seulement 茅mettre 8 millions d'actions pour acqu茅rir 100 % des int茅r锚ts dans les propri茅t茅s Yellow Chief, avec 4 millions d'actions 茅mises imm茅diatement et le reste dans un an.
Les propri茅t茅s Yellow Chief comprennent 5 concessions couvrant 3 513,2 ha en Saskatchewan et 28 concessions couvrant 130,1 ha en Utah, incluant une partie de l'ancienne mine Yellow Chief. De plus, Supreme a renonc茅 脿 son int茅r锚t dans le projet Nickel de Saguenay au Qu茅bec afin de se concentrer sur des actifs pr茅sentant un potentiel de production plus clair.
Supreme Critical Metals (OTCID:VRCFF) hat bedeutende 脛nderungen in seinem Immobilienportfolio bekannt gegeben. Das Unternehmen hat seine Optionsvereinbarung mit Yellow Chief Uranium ge盲ndert und alle Bar- und Arbeitsverpflichtungen gestrichen. Stattdessen muss Supreme nur 8 Millionen Aktien ausgeben, um 100 % der Anteile an den Yellow Chief Grundst眉cken zu erwerben, wobei 4 Millionen Aktien sofort ausgegeben werden und der Rest in einem Jahr.
Zu den Yellow Chief Grundst眉cken geh枚ren 5 Claims mit einer Fl盲che von 3.513,2 ha in Saskatchewan und 28 Claims mit einer Fl盲che von 130,1 ha in Utah, einschlie脽lich eines Teils der ehemaligen Yellow Chief Mine. Zus盲tzlich hat Supreme sein Interesse am Saguenay Nickel Projekt in Quebec aufgegeben, um sich auf Verm枚genswerte mit klarerem Produktionspotenzial zu konzentrieren.
- Simplified acquisition terms for Yellow Chief properties - eliminated cash and work obligations
- Strategic focus on uranium assets with historical production potential
- Portfolio optimization through divestment of non-core nickel assets
- 8 million share issuance will cause significant shareholder dilution
- Complete exit from nickel exposure reduces diversification
VANCOUVER, BC / / July 7, 2025 / Supreme Critical Metals Inc. (CSE:CRIT)(FWB:VR61)(OTCID:VRCFF) ("Supreme" or the "Company") today announces that it has amended the terms of its arms-length option with Yellow Chief Uranium Inc. dated June 26, 2024. The parties agreed that all cash and work obligations payments would be deleted from the option, with the Company only needing to issue another 8 million shares in order to optain a
The Yellow Chief properties consist of 5 claims covering 3,513.2 ha in Saskatchewant and 28 claims covering 130.1 ha in Utah. The Utah property consists of a portion of the former Yellow Chief Mine, which was developed from 1959 to 1962 as an open pit mine.
Supreme also announced it has relinquished its interest in the Saguenay Nickel Project, found in the province of Quebec. The decision follows a thorough strategic review and aligns with the Company's long-term objectives to focus on assets with a clear and sustainable path to production.
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 prioritise 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: [email protected]
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鈥恖ooking 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 on ACCESS Newswire
FAQ
What are the new terms of Supreme Critical Metals' (VRCFF) option agreement with Yellow Chief Uranium?
What properties are included in Supreme Critical Metals' Yellow Chief uranium portfolio?
Why did Supreme Critical Metals (VRCFF) relinquish the Saguenay Nickel Project?
What is the historical significance of the Yellow Chief uranium property in Utah?
