CMC Metals Ltd. Announcing the Release of Clarifying News

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VANCOUVER, British Columbia, Sept. 27, 2024 (GLOBE NEWSWIRE) — CMC Metals Ltd. (TSX-V: CMB) (Frankfurt:ZM5P) (“CMC” or the “Company”) announces that the TSX Venture Exchange (the “The TSXV”) approved the Company’s request to extend the expiration date of 2,161,557 stock warrants, originally granted on September 27, 2022 to September 27, 2025, and 1,942,014 stock warrants, originally granted on October 12, 2023, to 20 on October 21.

The request to amend the exercise price from $0.20 to $0.07 remains subject to the approval of the TSXV and the approval of the Warrant holders (the “Amended Warranties“). Each Amended Warrant may be exercised for one (1) common share of the Company and shall be subject to an acceleration clause so that the validity period of the Warrants is reduced to 30 days, if any ten consecutive trading days within the period expire. Warrant (“Best Trading Days”), the closing price of the Listed Shares exceeds the price of the Warrants by 25% or more and the reduced exercise period of 30 days will begin no later than seven (7) calendar days after 10.^th Best Trading Day.

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The proposed repricing of the Warrants is conditional upon and upon receipt of approval from the TSXV.

About CMC Metals Ltd.

CMC Metals Ltd. is a growth-stage exploration company focused on high-grade polymetallic deposit opportunities in the Yukon, British Columbia and Newfoundland. Our polymetallic silver-lead-zinc CRD prospects in the Rancheria Silver region include the Silver Hart Deposit and Blue Heaven (Yukon), Amy and Silverknife (British Columbia) claims. Our polymetallic projects with potential for copper-silver-gold and other metals include Bridal Veil (central Newfoundland) and Logjam (Yukon).

On behalf of the Board:
“Kevin Brewer”
Kevin Brewer, President, CEO and Director

Rating of the company CMC Metals Ltd.

For more information and investor inquiries:

Kevin Brewer, P. Geo., MBA, B.Sc.(Hons), Dip. Mine Eng.
President, CEO and Director
Phone: (709) 327 8013
kbrewer80@hotmail.com
Suite 1000-409 Granville St., Vancouver, BC, V6C 1T2
Website: www.cmcmtals.ca

Neither the TSX Venture Exchange nor its Legal 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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“This news release may contain certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, statements regarding the timing and content of future operations, state interpretations, acquisitions of property titles and exploitation activities. and development. This release’s disclosure about the ability to perform future audit activity includes forward-looking statements. Forward-looking statements speak of future events and conditions and are based on a number of estimates and assumptions. Although such estimates and assumptions are considered reasonable by the Company’s management, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the Company’s ability to obtain the funds necessary to finance its projects, to bear. remove the function and, as a result, it may not be performed as described here or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, the exploitation and success of exploration, the timing and acceptance of government and regulatory approvals, the impact of the ongoing crisis of the COVID-19 pandemic and the continued availability of funds. and financial and general economic, market or business conditions. Readers are referred to the Company’s filings with Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of performance or future events and, accordingly, are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the latest date and the Company disclaims any intention or obligation to revise or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.”

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