Vancouver, British Columbia – TheNewswire - May 22, 2025 – Molten Metals Corp. (“MOLT” or the “Company”) (CSE: MOLT | FSE: Y44), a North American mineral acquisition and exploration company focused on the development of drill-ready critical and precious metal projects, is pleased to announce that it has received approval from the Canadian Securities Exchange (the “CSE”) to proceed with its previously (May 12, 2025) announced option (“Option Agreement”) with Usha Resources Ltd. for the right to purchase an undivided 100% interest in two (2) lithium pegmatite projects located in Ontario: the “Gathering Lake” and “Triangle Lake” Projects (collectively, the “Properties”).
Pursuant to the Option Agreement the Company has now issued 1,375,000 common shares and made a cash payment of $5,000 in accordance with the terms of the Option Agreement, thereby securing a 100% interest in the Properties, subject to a 2% net smelter returns royalty, of which the Company may purchase half at any time for consideration of $1,000,000 per option.
“We are very pleased to have finalized this acquisition and appreciate the support of the Exchange in facilitating the transaction,” stated Rishi Kwatra, CEO of Molten Metals. “With this key milestone achieved, we are now well-positioned to move forward with exploration activities across our Ontario portfolio.”
Located within the prolific Georgia Lake pegmatite field, both Gathering Lake and Triangle Lake are considered highly prospective for lithium-bearing pegmatites and will form a core focus of the Company’s upcoming exploration programs.
About Molten Metals Corp.
Molten Metals Corp. is a North American mineral acquisition and exploration company focused on the development of quality critical and precious metal properties that are drill-ready with high-upside and expansion potential.
ON BEHALF OF THE BOARD OF DIRECTORS
MOLTEN METALS CORP.
Rishi Kwatra
Chief Executive Officer
Molten Metals Corp.
604.760.3999
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The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
Forward-looking statements
This news release may include "forward-looking information" under applicable Canadian securities legislation. Such forward-looking information reflects management's current beliefs and are based on a number of estimates and/or assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information are neither promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.
The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
