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Vatic Ventures Corp (5)
Symbol VCV
Shares Issued 41,351,394
Close 2025-01-09 C$ 0.035
Market Cap C$ 1,447,299
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Vatic signs option to acquire Solonopole North property

2025-01-15 16:49 ET - News Release

Subject: Vatic Ventures Corp. news release Word Document

File: '\\swfile\EmailIn\20250115 131829 Attachment 2025-01-15.docx'

VATIC VENTURES CORP.

1400-1040 WEST GEORGIA STREET

VANCOUVER, BC V6E 4H1, CANADA

E-MAIL: INFO@VATICVENTURES.COM

TEL: 604-757-9792

VATIC VENTURES CORP.

VATIC ANNOUNCES RENEGOTIATED OPTION AGREEMENT FOR BRAZIL HARDROCK LITHIUM PEGMATITE PROPERTY AND ACQUISITION OF ADDITIONAL PROPERTY

VANCOUVER, BC, January 15, 2025 - Vatic Ventures Corp. (the "Company" or "Vatic") (TSXV: VCV; FRA: V8V; OTC Pink: VCVVF) is pleased to announce renegotiated terms of the option agreement held by its subsidiary 1432714 B.C. Ltd. (the "Underlying Option") to acquire a highly prospective hard rock lithium property ("Solonopole South") from an underlying optionor (the "Underlying Optionor"). The renegotiated Underlying Option terms are detailed below.

SOLONOPOLE SOUTH

All previous annual cash and share payment obligations of the Underlying Option have been cancelled. On January 6, 2025, the Underlying Option to acquire 100% of the Solonopole South concessions was renegotiated as follows:

paying to the Underlying Optionor USD$2,500 by January 17, 2025 (the "Purchase Price); and

in addition to the Purchase Price, the Company agrees to pay the Underlying Optionor a perpetual royalty of one percent (1%) on the gross revenue derived from the sale of any minerals commercially exploited from the concessions ("Royalty"). The Company shall have the option to buy out the Royalty at any time by paying the Underlying Optionor a one-time fee of USD$1,000,000.

SOLONOPOLE NORTH

In addition to the renegotiated Underlying Option for Solonopole South, the Company is pleased to announce that it has entered into an agreement with 1434593 B.C. Ltd., a private company, which has an option agreement with the Underlying Optionor to acquire 100% of a highly prospective hard rock lithium property (the "Solonopole North Option"). As part of the proposed transaction 1434593 B.C. Ltd. will become a wholly-owned subsidiary of the Company. The proposed transaction is subject to TSXV approval, the terms of which are:

paying to the Underlying Optionor USD$2,500 by January 17, 2025 (the "Purchase Price);

paying to a shareholder of 1434593 B.C. Ltd. acquisition and corporate costs of USD$50,000 by March 31, 2025; and

in addition to the Purchase Price, the Company agrees to pay the Underlying Optionor a perpetual royalty of one percent (1%) on the gross revenue derived from the sale of any minerals commercially exploited from the concessions ("Royalty"). The Company shall have the option to buy out the Royalty at any time by paying the Underlying Optionor a one-time fee of USD$1,000,000.

Loren Currie, CEO stated: "We are very pleased to have renegotiated Solonopole South, which will allow Vatic to allocate more funding to the exploration of these highly prospective lithium pegmatite fields. With the addition of a second highly prospective lithium pegmatite field, at Solonopole North, our total concession package will cover 124 km2. We believe that we will be in a strong strategic country position to explore and develop these prospective lithium properties."

OVERVIEW - SOLONOPOLE SOUTH LITHIUM PROPERTY

The Solonopole South is a highly prospective hard rock lithium property that hosts multiple extensive lithium bearing pegmatite dykes that recently returned initial grab samples of 5.03% Li2O, 3.72% Li2O and 3.41% Li2O.

Figure 1. Grab Samples from Vatic's Solonopole South Lithium Property

The Solonopole South Lithium Property consists of 4 claim blocks covering 4,813.57 hectares. The property is located in the coastal state of Ceara in Northeast Brazil, 40 km from the city of Solonopole in a known pegmatite mining district. Vatic's Solonopole South Property is located in an established lithium mining jurisdiction, with year round access, infrastructure in place and favorable mining legislation.

Figure 2. Solonopole South Lithium Property Location

The initial 2023 exploration program completed by the license Optionor revealed multiple long and wide pegmatite dykes that measure up to 30 meters in width and up to 300 meters in length that are largely unexplored. Vatic is planning a work program that could include GPS sample site controls for overburden stripping, mapping, channel sampling and trenching.

ABOUT THE SOLONOPOLE SOUTH LITHIUM PROPERTY

The Solonopole South Property covers historic artisanal mining sites previously mined for lithium, coltan (tantalum and niobium) and tin.

Initial sampling of the Solonopole South Pegmatites returned Spodumene bearing pegmatite samples that graded up to 5.03% Li2O.

Planned Sampling will assay for Rare Earth Elements, Critical Battery Metals as well as lithium.

Ideal project location - Historical lithium mining region in Brazil.

Approximately 4-hour drive on paved roads to port (Fortaleza).

The topography, land use and vegetation at Solonopole is well suited for exploration activities.

Arid, sparsely populated farmland, no rain forest.

Northern Brazil provides easy shipping routes to North American and European battery chemical markets.

QUALIFIED PERSON

The technical content in this release has been reviewed and approved by Mitchell E. Lavery, P.Geo, who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. The Company's QP has not verified the technical and scientific information from neighboring projects and has relied on the information provided on the individual corporations' websites.

ABOUT VATIC VENTURES CORP.

Vatic is a mineral exploration and development company focused on developing high-value properties. Vatic has an option to acquire a 100% interest in the Solonopole South Lithium Property in Brazil and has an option to acquire an 80% interest in certain assets in Namibia.

ON BEHALF OF THE BOARD OF DIRECTORS OF VATIC VENTURES CORP.

"Loren Currie"

Loren Currie

CEO & Director

E-mail: info@vaticventures.com

Phone: 604-757-9792

Website: www.vaticventures.com

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

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