Mr. Ronald Woo of Rover reports
ROVER PROVIDES ADMINISTRATIVE UPDATE ON CONTRACTUAL OBLIGATIONS FOR ITS MINERAL RESOURCE PROPERTIES
Rover Critical Minerals Corp. has signed a fifth amending agreement to its letter agreement with Silver Range Resources Ltd. for the Cabin gold project.
Fifth amending agreement
Rover's letter agreement with Silver Range Resources is subject to an annual advanced royalty payment, up to a maximum of $220,000 over the life of the advance royalty. Rover has paid $120,000 of the advanced royalty as of the date hereof. The fifth amending agreement allows for Rover to pay its 2025 advance royalty, in the amount of $20,000, by way of the issuance of common shares, subject to approval by the TSX Venture Exchange. The settlement common share price is negotiated to be the 10-day volume-weighted average price of the last 10 trading days of April, 2025. Subsequent to the issuance of this news release, the company will apply to the TSX-V to seek exchange approval of the fifth amending agreement. Should the TSX-V approve the fifth amending agreement, the $20,000 debt will be settled at 17.73 cents per share, resulting in the issuance of approximately 112,800 common shares, which shares shall be subject to the minimum regulatory hold period of four months plus one day.
An updating release will be provided once the company receives TSX-V approval for the share issuance.
About Rover Critical Minerals Corp.
Rover is a publicly traded junior mining company that trades on the TSX-V under symbol ROVR, on the OTC Pink under symbol ROVMF and on the Frankfurt Stock Exchange under the symbol 4XO. The company has a diverse portfolio of mining resource development projects with varying exploration timelines. Its critical mineral projects include lithium. Its precious metals projects include gold.
We seek Safe Harbor.
© 2025 Canjex Publishing Ltd. All rights reserved.