Mr. Timothy Johnson reports
GRANITE CREEK SELLS HYDROGEN PROJECTS
Granite Creek Copper Ltd. has entered into a sale and purchase agreement with Buscando Resources Corp. for the sale of the company's wholly owned subsidiary, Element One Hydrogen Corp. The sale includes the Union Bay and Star projects as well as the Element One Hydrogen brand. Granite Creek will receive total consideration of $150,000 for this transaction. The transaction is expected to close within 30 days.
The company will retain the rights to any reimbursement for work completed on the Star project for 2024 and 2025 through the NRCan-funded research project being completed in partnership with Kemetco Research (see news release dated Feb. 24, 2025). The company will also retain the rights to any payments due to the company in connection with the first year of the option agreement the company entered into with 1508260 B.C. Ltd. (see news release dated Dec. 17, 2024).
About Granite Creek Copper Ltd.
Granite Creek Copper, a member of the Metallic Group of Companies, is a focused on the exploration and development of critical minerals projects in North America. The company's projects consist of its flagship 177-square-kilometre Carmacks project in the Minto copper district of Yukon, Canada (on trend with the formerly operating, high-grade Minto copper-gold mine), as well as the advanced-stage LS molybdenum project and the Star copper/nickel/platinum group metal project, both located in central British Columbia.
Qualified person
Debbie James, PGeo, has reviewed and approved the technical information pertinent to nickel/copper/platinum group metal mineralization contained in this news release. Ms. James is a qualified person as defined in National Instrument 43-101.
We seek Safe Harbor.
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