The TSX Venture Exchange has accepted for filing documentation pertaining to a mineral property option and joint venture agreement dated July 26, 2023, and an amendment to mineral property option and joint venture agreement dated Sept. 18, 2023, between M3 Metals Corp. and an arm's-length party, Surge Battery Metals Inc. Pursuant to the agreement, the purchaser will have the option to acquire up to an 80-per-cent interest in the company's Great Texas Spring property, located in Elko county in Nevada. On exercise of the option, the properties will be held in a joint venture (JV) company between the purchaser and company.

In order to exercise the option in its entirety, the purchaser must: (i) pay an aggregate cash consideration of $1.25-million; (ii) issue an aggregate of five million common shares of the purchaser to the company; and (iii) incur an aggregate of $250,000 in exploration expenditure on the properties over a five-year period.

Further, in the event the option is exercised and a JV is formed, if either party has its interest in the property diluted to less than 10 per cent, such interest will be converted to a net smelter royalty to be determined by the parties at such time. For further details, please refer to the company's news releases dated July 26, 2023, Sept. 21, 2023, and Oct. 24, 2023.