M3 Metals Inc

EXPLORING FOR HIGH GRADE LITHIUM IN THE USA

TSX.V:MT

INVESTORS RELATIONS
+1 604 669 2279

M3 Metals Corp (TSX-V: MT; FSE: X0VP.F) is a leveraged, pure-play explorer and developer of high-grade lithium projects in Nevada and California.

Our unique business model at our flagship Texas Spring Project in northern Nevada leverages off the success of the adjoining Nevada North project, where a significant high-grade lithium discovery has been made by Surge Battery Metals.

Future exploration costs, including drilling, on Texas Spring are to be incurred by Surge as part of an earn-in agreement.

Notably, both projects are geologically analogous to Lithium Americas’ proximal $4 billion Thacker Pass deposit – which is expected to become an operating mine as early as 2025.

Lets Talk About M3 Metals

M3 Metals two active projects

Nevada Project

Texas Spring Project, Elko County, Nevada

M3 wholly owns a highly prospective land package in northern Nevada that adjoins Surge Battery Metals’ high-grade lithium discovery at the Nevada North Project in Elko County.

Surge is currently targeting 10 million tonnes of high-grade claystones-hosted lithium. Drilling is underway to outline an initial inferred resource estimate.

Additionally, both projects are geologically analogous to Lithium Americas’ proximal $4 billion Thacker Pass deposit, which is on target to become an operational mine in 2025.

Joint Venture with Surge Battery Metals

Surge stands to earn an 80% interest in 232 mineral claims held by M3 that are contiguous to the Nevada North Lithium discovery. In return, Surge must commit $250,000 in exploration expenditures.

The deal also includes staggered payments of $1.25 million in cash and the staggered issuance of 5 million shares of Surge. This arrangement affords M3 a steady flow of cash for working capital purposes, as well offering significant investment exposure to Surge’s ascendant market capitalization.

Above all else, it offers the tantalizing possibility for M3 investors to earn leveraged exposure to a prospectively world-class discovery. This is predicated on the assumption that Surge’s emerging high-grade discovery extends onto M3’s project area.

California Project

LAKSHMI-DAGGETT RIDGE PROJECT, SAN BERNARDINO COUNTY, CALIFORNIA

PROJECT HIGHLIGHTS

  • Size Potential: The presence of a large, near-surface geological footprint is highly prospective for targeting a large lithium resource.

  • Highly Prospective Geology: This clay-dominated, sedimentary-type lithium prospect has the same type of mineralization as a number of major discoveries in neighbouring Nevada, including the $4 billion Thacker Pass deposit.

  • Superior location: The project benefits from excellent proximal infrastructure. It is within 10 kms from major highways, with existing road access and is only 6 kms from the City of Barstow. It is also located near major energy, road, rail, and gas transportation corridors.

  • Rapid Development: With a near-surface target area, this project is amenable to sustainable, cut-and-cover mining and rapid development via the drill bit.

M3 Metals Recent Announcements

West Vancouver, British Columbia–(Newsfile Corp. – November 1, 2023) – M3 Metals Corp. (TSXV: MT) (FSE: XOV) (“M3 Metals” or the “Company”) is pleased to announce that the Company’s JV Partner, Surge Battery Metals Inc. (“Surge”), has retained Rangefront Geological (Rangefront) to perform detailed soil sampling at Surge’s Nevada North Lithium Project (NNLP).

Surge continues to advance the NNLP, including the M3 Metals Land. A strategic acquisition was announced in July 2023 by entering into a mineral property option and joint venture agreement to acquire an initial 50% of the M3 Metals Land.

Rangefront collected 598 soil samples in the west/southwest corner of the expanded Surge property boundary which includes some of the property acquired from M3 Metals. The Company considers this area to be highly prospective and will further test for extensions of clay beds that were assayed for high levels of lithium in the 2022 and 2023 drilling programs.

Rangefront’s Elko Nevada-based operations have worked closely with Surge in the past and have both the local and in-depth knowledge and expertise to complete this project.

Qualified Person as Defined Under National Instrument 43-101

Alan J. Morris, MSc, CPG of Spring Creek, Nevada, a Qualified Person as defined under National Instrument 43-101 has reviewed and approved the technical aspects of this news release.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5509/185833_b4390b5aa43fe9cd_001.jpg

Figure 1: Soil Sampling Program in the West/Southwest Area of the NNLP.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5509/185833_b4390b5aa43fe9cd_001full.jpg

M3 Metals Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in North America. For additional information please visit M3 Metals website at www.m3metalscorp.com. You may also email info@m3metalscorp.com or call investor relations at (604) 669-2279.

M3 METALS CORP.
“Kosta Tsoutsis”
Kosta Tsoutsis, CEO

Vancouver, British Columbia–(Newsfile Corp. – October 19, 2023) – M3 Metals Corp. (TSXV: MT) (FSE: X0V) (“M3 Metals” or the “Company”). The Company wishes to announce that it has received the regulatory approval required for it to make its initial payments under the Daggett Lithium Project (the “Project”) mineral property option agreement (the “Agreement”) and has made those payments.

Details regarding the Project can be found in the Company’s news release dated September 29, 2023.

On May 9, 2023, the Company announced that it had entered into the Agreement to acquire up to an eighty (80%) percent interest in the Project, a mineral property prospective for lithium and located in San Bernardino County, California.

The Agreement, dated effective May 8, 2023, is between the Company and IMEx Consultants Inc. (the “Vendor”). The Agreement provided that the Company could earn a sixty (60%) percent interest in the Project by: (i) issuing 2,000,000 shares (the “Initial Shares”) to the Vendor; (ii) paying to the Vendor the sum of USD$150,000 (the “Option Payment”) upon regulatory approval of the Agreement; and (iii) making USD$400,000 in exploration expenditures on the Project within twelve (12) months of regulatory approval of the Agreement. The Company can acquire an additional twenty (20%) percent interest, for a total eighty (80%) interest in the Project by issuing an additional 2,000,000 shares to the Vendor and making an additional USD$2,000,000 in exploration expenditures on the Project within thirty-six (36) months of regulatory approval of the Agreement.

The Company has issued the Initial Shares and has also paid the Option Payment. It will have earned a sixty (60%) percent interest in the Project should it make the USD$400,000 in exploration expenditures within twelve (12) months. The Initial Shares are subject to a four month hold period and may not be sold until February 19th, 2024.

Regulatory approval of the Agreement was subject to the written consent of shareholders holding over 50% of the issued and outstanding shares of the Company because the transaction could result in the creation of a new control person, IMEx Consultants Inc.

The transactions contemplated in the Agreement constituted a Fundamental Acquisition (as that term is defined in the policies of the Exchange).

No finder’s fees were payable in connection with the Agreement and the Agreement is not a related party or non-arm’s length transaction. The Agreement was not subject to the provisions of MI 61-101. There are no royalties, underlying option or other agreements related to the Property other than the Agreement.

ABOUT M3 METALS CORP.

M3 Metals Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in North America. For additional information please visit M3 Metals website at www.m3metalscorp.com. You may also email info@m3metalscorp.com or call investor relations at (604) 669-2279.

M3 METALS CORP.
“Kosta Tsoutsis”
Kosta Tsoutsis, CEO

Vancouver, British Columbia–(Newsfile Corp. – October 16, 2023) – M3 Metals Corp. (TSXV: MT) (FSE: XOV) (“M3 Metals” or the “Company”). On May 9, 2023 the Company announced that it had entered into a mineral property option agreement (the “Agreement”) to acquire up to an eighty (80%) percent interest in the Daggett Lithium Project (the “Property”), a mineral property prospective for lithium and located in San Bernardino County, California. On September 29, 2023, the Company issued a news release providing readers with details regarding the Property.

The Company has now filed a technical report (the “Technical Report”), on its Issuer Profile at www.sedar.com, concerning the Property. The Technical Report provides an independent valuation of the exploration potential of the Property and makes recommendations for exploration work which were disclosed in the September 29, 2023 news release and are more fully discussed in the Technical Report itself.

The Technical Report was prepared for the Company in connection with obtaining TSX Venture Exchange approval for the Agreement and was further prepared in accordance with the requirements of NI 43-101. The Technical Report, which has an effective date of October 5, 2023, is titled “Daggett Lithium Project – San Bernardino County, California NI 43-101 Technical Report” and is authored by Mr. Jerry L. Aiken, BSc, Professional Geologist (WA), SME Registered Member.

ABOUT M3 METALS CORP.

M3 Metals Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in North America. For additional information please visit M3 Metals website at www.m3metalscorp.com. You may also email info@m3metalscorp.com or call investor relations at (604) 669-2279.

M3 METALS CORP.

“Kosta Tsoutsis”
Kosta Tsoutsis, CEO

Vancouver, British Columbia–(Newsfile Corp. – October 2, 2023) – M3 Metals Corp. (TSXV: MT) (FSE: XOV) (“M3 Metals” or the “Company”). On May 9, 2023, the Company announced that it had entered into a mineral property option agreement (the “Agreement”) to acquire up to an eighty (80%) percent interest in the Daggett Lithium Project (the “Property”), a mineral property prospective for lithium and located in San Bernardino County, California.

The Agreement, dated effective May 8, 2023, is between the Company and IMEx Consultants Inc. (the “Vendor”). The Agreement provides that the Company can earn a sixty (60%) percent interest in the Property by: (i) issuing 2,000,000 shares to the Vendor and paying to the Vendor the sum of USD$150,000 upon regulatory approval of the Agreement; and (ii) making USD$400,000 in exploration expenditures on the Property within twelve (12) months of regulatory approval of the Agreement. The Company can acquire an additional twenty (20%) percent interest, for a total eighty (80%) interest in the Property by issuing an additional 2,000,000 shares to the Vendor and making an additional USD$2,000,000 in exploration expenditures on the Daggett Lithium Property within thirty-six (36) months of regulatory approval of the Agreement.

The Agreement is subject to the regulatory approval of the TSX Venture Exchange (the “Exchange”). Because the transaction can result in the creation of a new control person, IMEx Consultants Inc., approval of the Agreement is further subject to the written consent of shareholders holding over 50% of the current issued and outstanding shares of the Company. The transactions contemplated in the Agreement constitute a Fundamental Acquisition (as that term is defined in the policies of the Exchange) and, as such, require completion of a technical report on the Property prior to receipt of regulatory approval. The technical report has been submitted for review by the Exchange and the Company hopes to move forward with the Fundamental Acquisition shortly. Trading in the shares of the Company is expected to resume between October 4-6, 2023.

No finder’s fees are payable in connection with the Agreement and the Agreement is an arm’s length transaction. There are no royalties or underlying option or other agreements related to the Property.

ABOUT THE DAGGETT LITHIUM PROJECT

The Property is comprised of 96 staked BLM and San Bernardino County registered lode mining claims (the “Lakshmi Claims”) covering 2,641 acres (761 hectares). The Lakshmi Claims encompass a 9km strike length of exposed Barstow Formation clay-rich sediments containing anomalous levels of lithium.

The Barstow area, located in the central Mojave Desert hosts numerous historic and current mines and exploration projects. To the east of the Daggett Lithium Project, the now-inactive Hector Borate Mine was most recently operated by N.L. Industries Corp. ) (“N.L.”). N.L. and its predecessors produced hectorite, a lithium-magnesium smectite clay for use in specialty applications. Currently, adjacent to that site, 5E Advanced Materials, Inc. is finalizing permitting while commissioning a new borate solution mining and refining operation.

Borates play a big part in the history of mining in the Barstow region, with commercial borate mining and refining operations dating from the 1880’s in the nearby Calico Mountains, and even a small borate mining operation within the Lakshmi claims group. The Calico borate mines were active until the 1920’s, at which time the Pacific Coast Borax Company commenced operations at their giant sodium borate deposit at Boron, California. Another active project in the area includes the Waterloo Mine Silver Project, currently operated by Apollo Silver Corp.

With its close association with borate mineralization and proximity to the Hector Mine, the Daggett Project is similar in occurrence to projects in advanced development in a similar geologic and tectonic setting in Nevada. The Project is well located in regard to infrastructure being within a very short distance from major highway, rail and energy corridors. It is also lies in close proximity to the town of Barstow, CA with available accommodations and labor.

IMEx Consultants Inc. (“IMEx”), the vendor of the Daggett Lithium Project, first sampled the project area in March of 2022. Based on past experience in the area exploring for borate minerals, IMEx was aware that the fine-grained sediments of the area contain anomalous levels of both boron and lithium. IMEx prospected the favorable sediments using a SciApps hand-help spectrometer (LIBS) to detect lithium contents of as much as 1,995ppmLi. Duplicate samples were submitted to the SGS laboratory in Lima, Peru and confirmed anomalous Li levels.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5509/182583_5e571b32241b9a7e_001.jpg

Figure 1: Map showing the location of the Daggett Lithium project “Lakshmi” claims in relation to the city of Barstow, with nearby intersecting rail, highway, power and gas corridors.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5509/182583_5e571b32241b9a7e_001full.jpg

M3M contemplates two phases (Phase I and Phase II) of exploration work, environmental baseline studies and a permitting program at a cost of US$350,000 for Phase I and US$600,000 for Phase II to bring the Daggett Project to the drilling stage, as outlined in the table, below and with Phase II being contingent on results obtained in Phase I:

Table 1: Daggett Lithium project Phase I budget and schedule.

ActivityBudget (US$)Schedule
Phase I:
Mapping
Sampling
350,000 (total)
40,000
60,000
Oct. 23 – May 24
Oct. 23 – May 24
Jan. 24 – May 24
Geophysics (ERT/TEM)
G&A / Other Costs
Phase II
Baseline Studies
Bureau of Land Management (EA)
NEPA Review Work
US Legal (Environmental / BLM / NEPA)
G&A / Other Costs
150,000
100,000
600,000 (total)
150,000
150,000
100,000
50,000
150,000
Apr. 24 – May 24
Oct. 23 – May 24
May 24 – May 25
May 24 – Apr. 25
Sept. 24 – Apr. 25
July 24 – May 25
May 24 – May 25
May 24 – May 25

 

M3M anticipates filing on SEDAR a technical report (the “Report”) titled “Daggett Lithium Project”, authored by Mr. Jerry L. Aiken, BSc., Professional Geologist (WA) and SME Registered Member which has been prepared for M3 Metals Corp. dated effective September, 2023. The Report will contain additional details and disclosure concerning the Daggett Lithium Project.

UPDATE ON DISPOSITION OF GREAT TEXAS SPRING PROPERTY CLAIMS

In its news releases of July 26, 2023 and September 21, 2023 (the “News Releases”), the Company announced that it had entered into a mineral property option and joint venture agreement (the “Agreement”) with Surge Battery Metals Inc. (“Surge”), a TSX Venture Exchange listed company and described an amendment to the Agreement. The Agreement, as amended, grants Surge the option (the “Option”) to earn up to an eighty (80%) percent interest in and to certain recently staked claims in Nevada (the “Great Texas Spring Property Claims”) on the terms and conditions described in the News Releases.

The Company has applied for TSX Venture Exchange approval of the disposition (the “Disposition”) of the Great Texas Spring Property Claims. Approval of the Disposition is subject both to that TSX Venture Exchange approval and is further subject to the written consent of shareholders holding over 50% of the current issued and outstanding shares of the Company.

The technical disclosure in this news release regarding the Daggett Lithium Project has been reviewed by Mr. Jerry L. Aiken, BSc, Professional Geologist (WA) and SME Registered Member. Mr. Aiken is a Qualified Person as that term is defined in NI 43-101.

ABOUT M3 METALS CORP.

M3 Metals Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in North America. For additional information please visit M3 Metals website at www.m3metalscorp.com. You may also email info@m3metalscorp.com or call investor relations at (604) 669-2279.

M3 METALS CORP.
“Kosta Tsoutsis”
Kosta Tsoutsis, CEO

Get my report on TSXV: MT right away

Disclaimer
We have received twelve thsnd dlrs via a bank wire for the awareness of TSXV:MT.

Any type of reproduction, copying or distribution of the material in this email is prohibited without a written consent from the site owner.

Disclaimer- By reading our newsletter you agree to the terms of our disclaimer, which are subject to change at any time. Owners and affiliates are not registered or licensed in any jurisdiction whatsoever to provide financial advice or anything of an advisory nature. Always do your own research and/or consult with an investment professional before investing. Low priced stocks are speculative and carry a high degree of risk, so only invest what you can afford to lose. By using our service you agree not to hold us, our editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our newsletters, website, twitter, Facebook and chat. We do not advise any reader take any specific action. Our website, newsletter, twitter, Facebook and chat are for informational and educational purposes only. Never invest purely based on our alerts. Gains mentioned in our newsletter, twitter, Facebook and on our website may be based on EOD or intraday data. We may be compensated for the production, release and awareness of this newsletter. This publication and their owners and affiliates may hold positions in the securities mentioned in our alerts, which we may sell at any time without notice to our subscribers, which may have a negative impact on share prices. Our emails may contain Forward Looking Statements, which are not guaranteed to materialize due to a variety of factors. We do not guarantee the timeliness, accuracy, or completeness of the information on our site or in our newsletters. The information in our email newsletters, twitter, Facebook our website and chat is believed to be accurate and correct, but has not been independently verified. The information in our disclaimers is subject to change at any time without notice.

We are not held liable or responsible for the information in press releases issued by the companies discussed in these email’s. Please do your own due diligence.

 
Copyright © 2019. TSX Stocks
All Rights Reserved