09:24:39 EDT Fri 04 Jul 2025
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or Name
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Rover Critical Minerals Corp (2)
Symbol ROVR
Shares Issued 12,148,556
Close 2025-05-02 C$ 0.24
Market Cap C$ 2,915,653
Recent Sedar Documents

Rover further amends Cabin deal with Silver Range

2025-05-02 16:26 ET - News Release

Also News Release (C-SNG) Silver Range Resources Ltd

Subject: For dissemination today Word Document

File: '\\swfile\EmailIn\20250502 131328 Attachment 05_Rover - Press Release - SNG Advance Royalty Payment (May-2-2025)_v2.docx'

ROVER PROVIDES ADMINSTRATIVE UPDATE ON CONTRACTUAL OBLIGATIONS FOR ITS MINERAL RESOURCE PROPERTIES

Vancouver, British Columbia - May 2, 2025 - Rover Critical Minerals Corp. (TSXV: ROVR) (OTC Pink: ROVMF) (FSE:4XO) ("Rover" or the "Company") is pleased to announce that is has signed a fifth amending agreement (the "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 ("TSXV"). 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 TSXV to seek exchange approval of the Fifth Amending Agreement. Should the TSXV approve the Fifth Amending Agreement, the $20,000 debt will be settled at $0.1773 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 TSXV approval for the share issuance.

About Rover Critical Minerals

Rover is a publicly traded junior mining company that trades on the TSXV under symbol ROVR, on the OTC Pink under symbol ROVMF, and on the FSE 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.

You can follow Rover on its social media channels:

Twitter: https://twitter.com/rovermetals

LinkedIn: https://www.linkedin.com/company/rover-critical-minerals/mycompany/?viewAsMember=true

for daily company updates and industry news, and

YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber

for corporate videos.

Website: https://www.rovercriticalminerals.com/

ON BEHALF OF THE BOARD OF DIRECTORS

"Ronald Woo"

Chief Executive Officer

For further information, please contact:

Email: info@rovermetals.com

Phone: +1 (778) 754-2855

Statement Regarding Forward-Looking Information

This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause Rover's actual results, performance, achievements, or developments in the industry to differ materially from the anticipated results, performance, or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. There can be no assurance that such statements prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover's expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates, opinions, or other factors, should change.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

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