04:22:11 EDT Wed 16 Jul 2025
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or Name
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Military Metals Corp
Symbol MILI
Shares Issued 65,370,476
Close 2025-07-15 C$ 0.48
Market Cap C$ 31,377,828
Recent Sedar Documents

Military Metals begins fieldwork at Manson Bay

2025-07-15 17:34 ET - News Release

Mr. Scott Eldridge reports

MILITARY METALS INITIATES EXPLORATION PROGRAM AT ITS MANSON BAY GOLD-BEARING POLYMETALLIC PROPERTY IN SASKATCHEWAN

Military Metals Corp. has commenced fieldwork at its 100-per-cent-owned Manson Bay gold-bearing polymetallic property. The field crew arrived to site on July 12. The property consists of 13 mining claims comprising 4,293.2 hectares located in east-central Saskatchewan, roughly 40 kilometres northwest of the mining town of Flin Flon, Man., and 125 km east of the mining town of La Ronge, Sask. The property was the company's first material mineral property acquisition prior to deciding to focus on antimony and constituted the change of business to a mineral exploration company. The program budget is $50,000 and was previously disclosed as being the company's intended plan at the time of the change of business transaction.

First discovered in 1953, subsequent geophysical surveys followed by drilling revealed anomalous gold and silver values. Intermittent exploration work over the following three decades, culminating in work during the 1980s by Hudson Bay Exploration and Development Company, focused on a large conductor located along the eastern shore of Manson Bay, which was superficially tested by drilling. In 1987 and 1988, Mingold Resources Ltd. tested a gold-copper zone at the same location, and 49 holes for a total of 5,4678 metres were subsequently drilled. Results from these drilling campaigns are summarized in a technical report (National Instrument 43-101) prepared by John Shmyr, MSc, PGeo, dated Feb. 1, 2024, available on SEDAR+ under the company's profile, filed July 16, 2024.

In 2021, Terralogic Exploration Inc. completed airborne geophysical surveying, prospecting, geological mapping, soil sampling and diamond drilling on the property, focused on confirming and extending gold-silver-lead-zinc mineralization at the main mineralized zone and exploring other historically identified but hitherto unexplored targets across the property. Gold-silver-lead-zinc mineralization was observed to be hosted in stratabound, tabular, massive sulphide horizons that are intensely chlorite-sericite altered and mineralized by net-textured to semi-massive sulphides. These horizons were interpreted to possibly represent a deformed and sheared volcanogenic massive sulphide system. Twelve holes were drilled for a total of 1,6889 metres. Details of the drilling program and its results may be found in an assessment report (Manson Bay property assessment report: geochemistry, geology, geophysics and drilling program, prepared by Eric Morely, BSc, Aug. 11, 2022), available on the company's website.

In 2024, five of the drill holes were geophysically surveyed revealing the existence of a more expansive conductive layer, in turn potentially indicating a broader zone of mineralization. The current field program will be focusing on this area of the property, and will include prospecting and rock sampling, geological mapping, and B-horizon soil sampling carried out by a four-person field crew. Military Metals management looks forward to sharing the results of this effort in due course.

The technical contents of this release were reviewed and approved by Avrom E. Howard, MSc, PGeo, vice-president, exploration, for Military Metals, a qualified person as defined by National Instrument 43-101.

Investor relations engagement

The company further announces entry into agreements related to marketing and investor relations. On July 14, 2025, the company engaged Tafin GmbH to provide investor relations services with a focus on the German stock market and the German-speaking investment community in support of the company listing on the Frankfurt Stock Exchange with a commencement date of July 15, 2025. Pursuant to the terms of the Tafin agreement, Tafin will, among other items, provide the company with marketing services, which includes social media management, content creation, distribution and digital marketing, including, but not limited to, the preparation of articles and coverages on multiple financial platforms, and newsletters, translation and distribution of press releases in Germany, and any other marketing services as agreed upon by the company and Tafin. The Tafin agreement has a term of one month commencing on July 15, 2025. The company will make two equal payments to Tafin for total consideration of 100,000 euros ($159,990) for the services. Marco Marquardt will be providing the Tafin services to the company on behalf of Tafin and may be contacted at 49-6128-979-2946, team@finanzmedien.gmbh or Rosenweg 28, 65232 Taunusstein, Germany. The company will not issue any securities to Tafin as compensation. Both Tafin and Marco Marquardt are arm's length to the company, and do not have any interest, direct or indirect, in the company or its securities nor do they have any right to acquire such an interest.

About Military Metals Corp.

The company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.

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