York Harbour Metals Signs Option Agreement With Firetail Resources for York Harbour Copper-Zinc-Silver Project
York Harbour Metals Signs Option Agreement With Firetail Resources for York Harbour Copper-Zinc-Silver Project
Toronto, Ontario--(Newsfile Corp. - June 6, 2024) - YORK HARBOUR METALS INC. (TSXV: YORK) (the "Company" or "York Harbour") a Canadian exploration company focussed on high-grade mineral projects in Newfoundland and Labrador, is pleased to announce that, on June 5, 2024, it entered into an option agreement (the "Option Agreement") with Australian-listed Firetail Resources Limited (ASX: FTL) ("Firetail").
安大略省多倫多--（Newsfile Corp.-2024 年 6 月 6 日）- 約克港金屬公司(TSXV: YORK) （那個”公司“或”約克港“）一家專注於紐芬蘭和拉布拉多高品位礦產項目的加拿大勘探公司高興地宣佈，它於2024年6月5日簽訂了期權協議（”期權協議“) 在澳大利亞上市 Firetail 資源有限公司 (ASX: FTL) (”火尾“)。
York Harbour has granted an option (the "Option") to Firetail to earn a 80% undivided interest in the Company's York Harbour Copper-Zinc-Silver Project (the "York Harbour Project"), which is comprised of six mineral licenses and 189 mineral claims totaling 4,725 hectares in the province of Newfoundland and Labrador (the "Transaction"), subject to an existing 0.5% net smelter royalty and a 2% net smelter royalty to be granted by Firetail to York Harbour (the "York Harbour NSR"). Closing of the Transaction (the "Closing") remains subject to, without limitation, receiving all necessary consents and approvals, including the approval of the TSX Venture Exchange ("TSX-V"), as well as the satisfaction of customary closing conditions. The Company expects to complete the Transaction in the coming weeks.
約克港已授予期權（”選項“) 向 Firetail 賺取該公司約克港銅鋅銀項目 80% 的不可分割權益（”約克港項目“），它包括六份礦產許可證和189份礦產索賠，總面積爲4,725公頃，位於紐芬蘭和拉布拉多省（”交易“），前提是Firetail向約克港發放的現有0.5％的淨冶煉廠特許權使用費和2％的淨冶煉廠特許權使用費（”約克港 NSR“）。交易結束（”關閉“）仍需但不限於獲得所有必要的同意和批准，包括多倫多證券交易所風險交易所的批准（”TSX-V“），以及對慣例成交條件的滿足。該公司預計將在未來幾周內完成交易。
President & CEO Blair Naughty comments, "We believe that Firetail's proven board & management team, alongside their seasoned technical team, are the right group to partner with us to move the York Harbour project forward as quickly as possible. We look forward to becoming shareholders of Firetail which will also provide us upside value on their other two high-profile projects."
總裁兼首席執行官Blair Naughty評論說：“我們相信，Firetail久經考驗的董事會和管理團隊以及他們經驗豐富的技術團隊是與我們合作以儘快推進約克港項目的正確團隊。我們期待成爲Firetail的股東，這也將爲我們提供另外兩個備受矚目的項目的上行價值。”
The Option
選項
Firetail can exercise the Option over a three-year period for total consideration of $500,000 AUD, 175,000,000 ordinary shares in the capital of Firetail (the "Consideration Shares"), and completing 10 kilometres of drilling on the York Harbour Project, as follows:
Firetail可以在三年內行使期權，總對價爲50萬澳元，Firetail資本中爲1.75億股普通股（”對價股“），並完成約克港項目10公里的鑽探，詳情如下：
| Cash (AUD) | Consideration Shares | Total Kilometres of Drilling to be Completed | Interest Earned | |
| On or before the Closing | $200,000 | 100,000,000 | Nil | 49% |
| Within 10 business days following the first anniversary of the Closing (the "First Payment") | $100,000 | 25,000,000 | 5 kilometres | 11% |
| Within 10 business days following the second anniversary of the Closing (the "Second Payment") |
$100,000 | 25,000,000 | 7.5 kilometres | 10% |
| Within 10 business days following the third anniversary of the Closing (the "Third Payment") | $100,000 | 25,000,000 | 10 kilometres | 10% |
| TOTAL | $500,000 | 175,000,000 | 10 kilometres | 80% |
| 現金（澳元） | 對價股 | 待完成的鑽探總公里數 | 賺取的利息 | |
| 收盤當天或之前 | 200,000 美元 | 100,000,000 | 無 | 49% |
| 在關閉一週年後的10個工作日內（”第一筆付款“) | 100,000 美元 | 25,000,000 | 5 千米 | 11% |
| 在閉館兩週年後的10個工作日內 （那個”第二次付款“) |
100,000 美元 | 25,000,000 | 7.5 千米 | 10% |
| 在收盤三週年後的10個工作日內（”第三次付款“) | 100,000 美元 | 25,000,000 | 10 千米 | 10% |
| 總計 | 500,000 美元 | 175,000,000 | 10 千米 | 80% |
Subject to Closing and Firetail acquiring at least a 49% interest in the York Harbour Project, Firetail will grant the York Harbour NSR to the Company. During the period which the Option remains in effect, Firetail will be responsible for maintaining the York Harbour Project in good standing by the doing and filing of all necessary work and making all payments which may be necessary to keep the York Harbour Project in good standing.
Firetail將向該公司授予約克港NSR，前提是收購了約克港項目至少49％的權益，前提是收購了約克港項目中的至少49％的權益。在本期權有效期間，Firetail將負責通過完成和提交所有必要的工作並支付保持約克港項目良好信譽所需的所有款項，維持約克港項目的良好信譽。
Joint Venture Agreement
合資協議
Upon Firetail exercising the Option in full, or the Option Agreement being terminated after the exercise of a minimum 49% interest in the York Harbour Project, a joint venture between the Company and Firetail will be formed, provided that if Firetail acquires an 80% interest in the York Harbour Project, then York Harbour will get a free carried interest until Firetail produces and delivers a pre-feasibility study on the York Harbour Project. If Firetail acquires less than an 80% interest, then the parties will pay their pro-rata share of expenditures going forward, provided that York Harbour's interest cannot be reduced to less than 20% if York Harbour elects not to contribute to any expenditures going forward. If York Harbour's interest is reduced to 20%, then York Harbour will get a free carried interest until Firetail has completed the Second Payment and/or the Third Payment, as applicable, and completed the pre-feasibility study. Unless Firetail earns a 60% interest in the York Harbour Project, York Harbour will be the initial operator of the York Harbour Project. The initial operator will remain as the initial operator until it resigns, is removed or until its interest falls below 50%.
在Firetail全部行使期權或在行使約克港項目至少49％的權益後終止期權協議後，公司將與Firetail成立合資企業，前提是如果Firetail收購約克港項目80％的權益，則約克港將獲得免費附帶權益，直到Firetail完成並交付約克港項目的預可行性研究。如果Firetail獲得的利息低於80％，則各方將按比例支付未來支出的份額，前提是如果約克港選擇不爲未來的任何支出繳款，則約克港的利息不能減少到20％以下。如果約克港的利息降至20％，則在Firetail完成第二筆付款和/或第三筆付款（如適用）並完成預可行性研究之前，約克港將獲得免費附帶利息。除非Firetail獲得約克港項目60％的權益，否則約克港將是約克港項目的初始運營商。初始運營商將保持初始運營商的身份，直到其辭職、被免職或其權益降至50％以下。
Finder's Fee
發現者費
In connection with services rendered for the Option Agreement, a finder's fee (the "Finder's Fee") equal to the sum of 10% on the first $300,000 of the aggregate value of the Transaction (the "Transaction Value"), 7.5% on the next $700,000 of the Transaction Value, and 5% for all amounts exceeding the first $1,000,000 of the Transaction Value will be paid by the Company to Kluane Capital FZCO, an arm's length party, with the amount of the Transaction Value to be mutually determined by the Company and Firetail. The Finder's Fee will be payable in common shares (each, a "Share") in the capital of the Company and remains subject to acceptance by the TSX-V. The Company anticipates that that the first installment of the Finder's Fee will be paid at Closing, with the remaining Finder's Fee payable if and when the First Payment, Second Payment, and Third Payment are completed, respectively.
對於爲期權協議提供的服務，發現費（”發現者費“) 等於交易總價值前30萬美元的 10% 的總和（”交易價值“），未來70萬美元交易價值的7.5％，超過交易價值前100萬美元的所有金額的5％將由公司支付給獨立交易方Kluane Capital FZCO，交易價值的金額將由公司和Firetail共同確定。發現費將以普通股支付（每股爲”分享“）在公司的資本中，仍需經多倫多證券交易所接受。公司預計，第一期發現費將在收盤時支付，如果第一筆付款、第二筆付款和第三筆付款完成，剩餘的發現者費將分別支付。
About York Harbour Metals
約克港金屬公司簡介
York Harbour Metals Inc. (TSXV: YORK) (OTCQB: YORKF) (FSE: 5DE0) is an exploration and development company focused on two high-grade projects in Newfoundland. The York Harbour Copper-Zinc-Silver Project is located approximately 27 km from Corner Brook. The Company intends to continue drilling the 11 known mineralized zones and explore new massive sulphide targets.
約克港金屬公司（多倫多證券交易所股票代碼：YORK）（場外交易代碼：YORKF）（FSE：5DE0）是一家勘探和開發公司，專注於紐芬蘭的兩個高檔項目。約克港銅鋅銀項目距離科納布魯克約27公里。該公司打算繼續鑽探11個已知礦化區，並探索新的塊狀硫化物目標。
The Bottom Brook Rare Earth Elements Project, covering 15,150 hectares, is located next to the Trans Canada Highway and just 27 km from the deep-water port at Turf Point.
Bottom Brook 稀土元素項目佔地 15,150 公頃，毗鄰加拿大橫貫公路，距離Turf Point的深水港僅27公里。
For further details on York Harbour Metals, please contact via email at info@yorkharbourmetals.com or +1-604-346-7613. Visit the Company's website at for past news releases, media interviews, and opinion-editorial pieces by management.
有關約克港金屬的更多詳情，請發送電子郵件至 info@yorkharbourmetals.com 或 +1-604-346-7613。訪問公司網站，了解管理層過去的新聞稿、媒體採訪和觀點社論文章。
About Firetail Resources
關於 Firetail 資源
Firetail Resources (ASX: FTL) is a battery minerals company with an exciting project portfolio with exposure to multiple battery mineral commodities. Firetail has commenced drilling in Peru, where Firetail's tenure includes mining concessions comprising the Picha Copper Silver Project and Charaque Copper Project. Picha is an exciting copper-silver project with multiple drill-ready targets being tested in the current drill program; and Charaque hosts a farm-in deal completed with leading global mining company, Barrick Gold Corporation.
Firetail Resources (ASX: FTL) 是一家電池礦產公司，擁有令人興奮的項目組合，涉及多種電池礦物大宗商品。Firetail已開始在秘魯進行鑽探，Firetail的任期包括採礦特許權，包括皮查銅銀項目和查拉克銅礦項目。Picha是一個令人興奮的銅銀項目，目前的鑽探計劃中正在測試多個可鑽探的目標；Charaque主持了與全球領先礦業公司巴里克黃金公司完成的農場協議。
Firetail also holds well-located Western Australian and Queensland projects, which range from early exploration stage at the Paterson and Yalgoo-Dalgaranga Projects through to advanced exploration-early resource stage at the Mt Slopeaway Project.
Firetail還擁有位置優越的西澳大利亞州和昆士蘭州項目，從帕特森和雅爾古-達爾加蘭加項目的早期勘探階段到Mt Slopeaway項目的高級勘探早期資源階段。
On Behalf of the Board of Directors,
我代表董事會，
"Blair Naughty"
CEO and President
“布萊爾頑皮“
首席執行官兼總裁
Email: info@yorkharbourmetals.com
Phone: 778-302-2257
Website:
電子郵件：info@yorkharbourmetals.com
電話：778-302-2257
網站：
Forward-Looking Statements:
前瞻性陳述：
This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements in this news release include statements regarding receipt of regulatory and, if applicable, approval from the TSXV and ASX of the Transaction; the Company and Firetail completing the Transaction as contemplated by the Option Agreement; the Company and Firetail forming a joint venture following the exercise of the Option; and Firetail maintaining the York Harbour Project in good standing during the Option Period. The forward-looking statements reflect management's current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements including adverse market conditions and other factors beyond the control of the parties. Although the Company 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 their inherent uncertainty. Factors that could cause actual results or events to differ materially from current expectations include general market conditions and other factors beyond the control of the Company. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
本新聞稿包含前瞻性陳述。除歷史事實陳述外，涉及公司認爲、預期或預期未來將或可能發生的活動、事件或事態發展的陳述均爲前瞻性陳述。本新聞稿中的前瞻性陳述包括有關收到監管部門以及多倫多證券交易所和澳大利亞證券交易所批准的聲明（如果適用）；公司和Firetail按照期權協議的設想完成交易；公司和Firetail在行使期權後成立合資企業；以及Firetail在期權期內維持約克港項目的良好信譽的聲明。前瞻性陳述反映了管理層基於當前可用信息的當前預期，並存在許多風險和不確定性，這些風險和不確定性可能導致結果與前瞻性陳述中討論的結果存在重大差異，包括不利的市場狀況和各方無法控制的其他因素。儘管公司認爲前瞻性陳述中固有的假設是合理的，但前瞻性陳述並不能保證未來的表現，因此，由於此類陳述固有的不確定性，不應過度依賴這些陳述。可能導致實際業績或事件與當前預期存在重大差異的因素包括總體市場狀況和公司無法控制的其他因素。除非適用法律要求，否則公司明確表示不打算或承擔任何更新或修改任何前瞻性陳述的意圖或義務，無論是由於新信息、未來事件還是其他原因。
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.
多倫多證券交易所風險投資交易所及其監管服務提供商（該術語在多倫多證券交易所風險投資交易所的政策中定義）均不對本新聞稿的充分性或準確性承擔責任。
譯文內容由第三人軟體翻譯。