Mink Ventures Completes Acquisition of Warren Ni, Cu, Co Patents
19 February 2025 - 8:49AM
Mink Ventures Corporation (TSXV:MINK) (“
Mink” or
the "
Company") today announced that it has
completed all share issuances and incurred all expenditures
required to earn a 100% interest in the Warren Ni, Cu, Co Patents
under Mink’s option with US Copper Corp. To complete the exercise
of the Option, Mink today issued the final tranche of 750,000
common shares of Mink to US Copper Corp. In addition, Mink has
expended the required $300,000 in exploration expenditures (half of
which were offset by non-dilutive OJEP grants) on the project.
Subject to the pending title transfer, Mink will hold a 100%
interest in the Warren Patents.
Mink’s exploration and drilling at Warren has
demonstrated the potential for deposition of nickel, copper, cobalt
deposits over 1.6 km strike and identified a new prospective copper
exploration target within volcanics along the gabbro intrusive
contact (see press release February 13, 2025). Many of the
property’s geophysical targets and multiple surface occurrences of
Ni, Cu, Co warrant follow up or are totally untested.
The securities issued to US Copper Corp. are
subject to a statutory four month plus a day hold period expiring
on June 19, 2025.
Qualified Person: Mr. Kevin
Filo, P. Geo. (Ontario), is a qualified person within the meaning
of National Instrument 43-101. Mr. Filo approved the technical data
disclosed in this release.
About Mink Ventures
Corporation: Mink Ventures Corporation (TSXV:MINK) is a
Canadian mineral exploration company exploring for critical
minerals in Ontario, Canada. It has a prospective, nickel copper
cobalt exploration portfolio, with its Montcalm project, which now
covers approximately 100 km2 adjacent to Glencore’s former Montcalm
Mine with historical production of 3.93 million tonnes of ore
grading 1.25% Ni, 0.67% Cu, and 0.051% Co (Ontario Geological
Survey, Atkinson, 2010), as well as the expanded Warren Project.
These complementary nickel copper cobalt projects have excellent
access and infrastructure and are in close proximity to the Timmins
Mining Camp. After giving effect to the share issuance to US Copper
Corp., the Company has 23,196,488 common shares outstanding.
For further information about Mink Ventures
Corporation please contact: Natasha Dixon, President & CEO, T:
250-882-5620 E: ndixon@minkventures.com or Kevin Filo,
Director, T: 705-266-6818 or visit www.sedarplus.ca
Forward Looking StatementsThis
press release includes certain “forward-looking information”,
including, but not limited to, statements with respect to the
prospectivity of the Warren Project. Forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
Mink to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. Factors that could affect the outcome
include, among others: future prices and the supply of metals; the
results of exploration work; inability to raise the money necessary
to incur the expenditures required to retain and advance the Warren
Project; environmental liabilities (known and unknown); general
business, economic, competitive, political and social
uncertainties; accidents, labour disputes and other risks of the
mining industry; political instability, or delays in obtaining
governmental and stock exchange approvals. For a more detailed
discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by
such forward-looking statements, refer to Mink’s filings with
Canadian securities regulators available on SEDAR+. These
forward-looking statements are made as of the date hereof and Mink
disclaims any intent or obligation to update publicly any
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by
applicable securities laws.
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.
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