TORONTO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Mink Ventures Corporation (TSXV:MINK) ("Mink" or the "Company") today announced that it has completed all share issuances and incurred all expenditures required to earn a 100% interest in the Warren Ni, Cu, Co Patents under Mink's option with US Copper Corp. To complete the exercise of the Option, Mink today issued the final tranche of 750,000 common shares of Mink to US Copper Corp. In addition, Mink has expended the required $300,000 in exploration expenditures (half of which were offset by non-dilutive OJEP grants) on the project. Subject to the pending title transfer, Mink will hold a 100% interest in the Warren Patents.
Mink's exploration and drilling at Warren has demonstrated the potential for deposition of nickel, copper, cobalt deposits over 1.6 km strike and identified a new prospective copper exploration target within volcanics along the gabbro intrusive contact (see press release February 13, 2025). Many of the property's geophysical targets and multiple surface occurrences of Ni, Cu, Co warrant follow up or are totally untested.
The securities issued to US Copper Corp. are subject to a statutory four month plus a day hold period expiring on June 19, 2025.
Qualified Person:
Mr. Kevin Filo, P. Geo. (Ontario), is a qualified person within the meaning of National Instrument 43-101. Mr. Filo approved the technical data disclosed in this release.
About Mink Ventures Corporation:
Mink Ventures Corporation (TSXV:MINK) is a Canadian mineral exploration company exploring for critical minerals in Ontario, Canada. It has a prospective, nickel copper cobalt exploration portfolio, with its Montcalm project, which now covers approximately 100 km2 adjacent to Glencore's former Montcalm Mine with historical production of 3.93 million tonnes of ore grading 1.25% Ni, 0.67% Cu, and 0.051% Co (Ontario Geological Survey, Atkinson, 2010), as well as the expanded Warren Project. These complementary nickel copper cobalt projects have excellent access and infrastructure and are in close proximity to the Timmins Mining Camp. After giving effect to the share issuance to US Copper Corp., the Company has 23,196,488 common shares outstanding.
For further information about Mink Ventures Corporation please contact: Natasha Dixon, President & CEO, T: 250-882-5620 E: ndixon@minkventures.com or Kevin Filo, Director, T: 705-266-6818 or visit www.sedarplus.ca
Forward Looking Statements
This press release includes certain "forward-looking information", including, but not limited to, statements with respect to the prospectivity of the Warren Project. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Mink to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of exploration work; inability to raise the money necessary to incur the expenditures required to retain and advance the Warren Project; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, or delays in obtaining governmental and stock exchange approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Mink's filings with Canadian securities regulators available on SEDAR+. These forward-looking statements are made as of the date hereof and Mink disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
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.
