Toronto, ON – TheNewswire - Tuesday, July 29, 2025 – Metalite Resources Inc. (CSE:METL) (OTC:JNCCF) (Frankfurt:D68) ("Metalite" or the "Company") is pleased to announce that the Government of New South Wales, Australia, has approved the renewal of Exploration Licence EL 9144 (the “Arthurs Seat Project”), held by its wholly owned Australian subsidiary, Great Southern Precious Metals Pty Ltd. The licence has been renewed over the full 14-unit area for a further term of two years, effective from July 25, 2025 to April 30, 2027.
This renewal ensures continued access to a strategic exploration asset hosting high-grade silver, gold, and notably antimony (Sb) mineralization. “We’re excited to move forward at Arthurs Seat, especially given the exceptional sampling results we've seen from prospects like McDonalds and Murray and Co,” said Chris Hazelton, CEO of Metalite Resources. “With global attention intensifying on supply chains for critical minerals like antimony, the project puts Metalite in a unique position to participate in this growing market trend.”
About Metalite Resources Inc.
Metalite Resources Inc. is a Canadian junior mineral exploration issuer with a precious metals focused project in NSW, Australia.
Contact Information
Metalite Resources Inc.
Chris Hazelton, CEO
(647) 660-8718
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Forward-Looking Statements
This news release contains certain "forward-looking statements." All statements, other than statements of historic fact, that address activities, events or developments that Metalite believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek," "anticipate," "believe," "plan," "estimate, “expect," and "intend" and statements that an event or result "may," "will," "can," "should," "could," or "might" occur or be achieved and other similar expressions. These forward-looking statements reflect the current expectations or beliefs of Metalite based on information currently available to Metalite. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of Metalite to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Metalite. Forward looking statements in this press release include statements regarding the Company's planned move to the uranium sector and the proposed transactions with Lyra Mining Corp. and the timing thereof. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to obtain all necessary approvals for the completion of the transactions discussed herein. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Metalite disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although Metalite believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release, and have in no way passed upon the merits of the proposed transactions and has neither approved nor disapproved the contents of this news release.
