Metal Energy Advances Exploration with Phase 1 Completion of NIV Project

Metal Energy Corp. has successfully completed the initial phase of its option agreement concerning the NIV and West NIV exploration properties. This announcement was made on November 26, 2025, following the agreement outlined on October 23 and October 28 of the same year. The company issued 862,708 common shares to the optionor and made a cash payment totaling $300,000, fulfilling the requirements set forth in the agreement.

Chairman of Metal Energy, Stephen Stewart, expressed enthusiasm about reaching this milestone, stating, “With this first phase complete, we move NIV one step closer to drilling. We’re now focused on bringing forward the value we see in this compelling porphyry target in the Toodoggone District.” This project is poised to become an integral part of Metal Energy’s portfolio, which focuses on critical metals in Canada.

The Option Agreement allows Metal Energy to earn an 80% undivided interest in the NIV and West NIV properties. Additionally, as of November 19, 2025, the company has secured a right of first refusal agreement for the remaining 20% of the properties. Located in the prolific Toodoggone District of British Columbia, the NIV project is fully permitted and drill-ready, featuring significant geochemical and geophysical anomalies indicative of large-scale porphyry systems.

As part of the agreement, the issued shares will be subject to a hold period of four months and one day from the date of issuance. The transaction is pending final approval from the TSX Venture Exchange, ensuring compliance with regulatory standards.

Metal Energy Corp. is dedicated to developing its assets in the Canadian mining sector, particularly focusing on copper and gold resources. With the addition of the NIV project, its portfolio now includes three high-potential projects:

– NIV Project (Cu-Au-Mo, 100%-controlled) – Toodoggone District, BC
– Highland Valley Project (Cu-Mo-Ag-Au-Re, 100%-owned) – British Columbia
– Manibridge Project (Ni-Cu-Co-PGE, 85%-owned) – Manitoba

As the company moves forward, it remains committed to maximizing the potential of its holdings in this strategically significant region.

Metal Energy Corp. emphasizes that certain statements in this release are forward-looking and subject to risks and uncertainties. These include economic conditions, market volatility, and operational challenges that may affect the company’s anticipated results and performance. Stakeholders are encouraged to consult Metal Energy’s public disclosure documents for a comprehensive understanding of these potential risks.

For further information, visit Metal Energy Corp.’s website at www.metalenergy.ca or contact them directly via email at [email protected].