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Vancouver, British Columbia - Newsfile Corp. - May 27, 2025 - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to announce results from the first diamond drill hole of its 2025 exploration program at the Company's Corral Copper Property ("Corral" or the "Property") in Cochise County, Arizona. To date, four drill holes have been completed at the Ringo Zone and assay results have been received from one of the four drill holes. Highlights from Hole CC25_026: - 142.30 meters ("m") of 0.51% Copper ("Cu"), 0.17 grams per ton ("gpt") Gold ("Au") and 4.01 gpt Silver ("Ag") (0.69% Copper Equivalent ("CuEq")1) including, 84.90m of 0.79% Cu, 0.26 gpt Au and 6.18 gpt Ag (1.06% CuEq1) and 17.65m of 2.72% Cu, 0.58 gpt Au and 18.16 gpt Ag (3.30% CuEq1) and 5.45m of 4.91% Cu, 1.25 gpt Au and 31.74 gpt Ag (6.09% CuEq1) and 3.70m of 6.43% Cu, 1.78 gpt Au and 40.62 gpt Ag (8.07%CuEq1) and 0.55m of 27.50% Cu, 10.15 gpt Au and 192 gpt Ag (36.54 CuEq1). "We're very pleased with the strong start to our 2025 drill program, building on the exceptional results we achieved at Corral last year," said Ken Engquist, CEO of Intrepid. "The initial hole at the Ringo Zone continues to highlight the scale and continuity of copper mineralization across the property, and we look forward to sharing more results in the coming weeks. With drilling soon moving to the Holliday and Earp Zones, we're excited to advance what we believe is one of the most compelling emerging copper projects in the Southwest, continuing to deliver value to our shareholders." Table 1: Drill Intercepts for the Ringo Zone1 CC25_026 COMPOSITE INTERCEPTS1 DRILL HOLE DETAILS ANALYZED GRADE DILUTED METAL EQUIVALENT HOLE FROM TO LENGTH COPPER GOLD SILVER ZINC CUEQ AUEQ CUEQ AUEQ ID (m) (m) (m) (%) (ppm) (ppm) (%) (%) (g/t) (%) (g/t) RINGO ZONE CC25_026 56.70 199.00 142.30 0.51 0.17 4.01 0.06 0.69 0.95 0.58 0.80 Incl. 114.10 199.00 84.90 0.79 0.26 6.18 0.08 1.06 1.45 0.88 1.21 And 180.00 197.65 17.65 2.72 0.58 18.16 0.02 3.30 4.53 2.78 3.81 And 192.20 197.65 5.45 4.91 1.25 31.74 0.02 6.09 8.35 5.12 7.02 And 193.95 197.65 3.70 6.43 1.78 40.62 0.02 8.07 11.07 6.78 9.30 And 197.10 197.65 0.55 27.50 10.15 192.00 0.07 36.54 50.12 30.61 41.98 Photos 1 & 2: High-grade replacement style massive sulphide mineralization intercepted in CC24-026 consisting of massive pyrite and chalcopyrite hosted in the favourable Abrigo Formation. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6187/253415_e18461b2547a4b2a_001full.jpg 2025 Corral Copper Diamond Drill Program Intrepid has completed 4 holes (assays pending) totaling 1005 meters in the Ringo Zone. The objective of the 2024 drilling is to increase confidence in the intensity of mineralization, location and lithological and structural controls in historical drilling for the Ringo, Holliday and Earp Zones. Economic Geology of Corral Precious and base metal mineralization at Corral is concentrated in structurally controlled northeast dipping siliciclastic and carbonate sedimentary rocks including (oldest to youngest) Cambrian Bolsa Quartzite, upper-Cambrian Abrigo Limestone, Devonian Martín limestone and Mississippian Escabrosa limestone and in Jurassic aged intrusions. The most intense mineralization occurs in the Abrigo Limestone (main host) and Bolsa Quartzite, which are intruded locally by a series of Jurassic (and possibly younger) mineralized intrusions including the Star Hill, Copper Bell and Sniveler porphyries, quartz latite sills, and cross-cutting mineralized breccia bodies. The Corral Copper Property includes the Holliday, Earp and Ringo Zones (northwest to southeast), which are related zones of discontinuously outcropping, locally high grade CRD, skarn and distal porphyry related mineralization and associated supergene enrichment that formed in the distal porphyry copper geological environment. A significant component of Intrepid's discovery strategy at Corral is to leverage distal alteration and mineralization to vector toward one or more mineralized porphyry copper centers (see News Release dated April 15, 2025). The Ringo Zone is located at the southern end of a 3.5km long string of copper-gold-silver-zinc bearing carbonate replacement bodies (Figure 1). The Ringo Zone measures approximately 900m (northwest to southeast) by 800m (southwest to northeast) and contains favorable Abrigo Limestone (and Bolsa Formation), pre-mineral intrusions, alteration and copper-gold-silver-zinc replacement style mineralization and secondary enriched copper oxide zones that are locally high-grade. Figure 1: Drill plan map from the Ringo Zone at the Corral Copper Project2 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6187/253415_e18461b2547a4b2a_002full.jpg Technical Information All scientific and technical information in this news release has been prepared by, or approved by Daniel MacNeil, P.Geo. Mr. MacNeil is a Technical Advisor to the Company and is a qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. MacNeil has verified the drilling data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Mr. MacNeil verified the data disclosed (or underlying the information disclosed) in this news release by reviewing imported and sorted assay data; checking the performance of blank samples and certified reference materials; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Mr. MacNeil detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the drilling data referred to in this news release. Table 2: Drill Hole Location Information for Hole CC24-026 HOLE EASTING NORTHING ELEVATION AZIMUTH INCLINATION DEPTH ZONE ID (m) (m) (m) (°) (°) (m) NAME CC25-026 613242 3513909 1422 0 -65 234.40 RINGO Quality Assurance and Quality Control Drill core was first reviewed by a geologist, who identified and marked intervals for sampling. The marked sample intervals were then cut in half with a diamond saw; half of the core was left in the core box and the other half was removed, placed in plastic bags, sealed and labeled. Intervals and unique sample numbers are recorded on the drill logs and the samples are sequenced with standards and blanks inserted according to a predefined QA/QC procedure. The samples are maintained under security on site until they are shipped to the analytical lab. All core samples were sent to ALS Geochemistry (ALS), a division of ALS Global, in Tucson, Arizona, for sample preparation, with pulps sent to the ALS Geochemistry laboratory in Reno, Nevada for analysis. ALS meets all requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015 for analytical procedures and is independent of the Company. HQ size core was split and sampled over approximately two metre intervals. Samples were analyzed using: ALS's Fire Assay Fusion method (Au-AA23) with an AA finish for gold and by gravimetric finish (Au-GRA21) for samples assaying greater than 10 ppm (gpt) gold; by a 36-element four acid digest ICP-AES analysis (ME-ICP61) with additional analysis for Ore Grade Cu (Cu-OG62), Ore Grade Zn (Zn-OG62) and Ore Grade Pb (Pb-OG62); and for silver assays above 100 ppm (g/t) by Fire Assay Fusion method with gravimetric finish (Ag-GRA21). ME-ICP61 results were reported in parts per million (ppm), Ore Grade (OG62) results were reported in percent (%). In addition to ALS quality assurance- quality control (QA/QC) protocols, Intrepid implements an internal QA/QC program that includes the insertion of sample blanks, duplicates, and standards, with QA/QC control samples comprising approximately 10% of the sample stream About Corral Copper The Corral Copper Property, located near historical mining areas, is an advanced exploration and development opportunity in Cochise County, Arizona. Corral is located 15 miles east of the famous mining town of Tombstone and 22 miles north of the historic Bisbee mining camp which has produced more than 8 billion pounds of copper4. Production from the Bisbee mining camp, or within the district as disclosed in the next paragraph, is not necessarily indicative of the mineral potential at Corral. The district has a mining history dating back to the late 1800s, with several small mines extracting copper from the area in the early 1900s, producing several thousand tons. Between 1950 and 2008, various companies explored parts of the district, but the effort was uncoordinated, non-synergistic and focused on discrete land positions and commodities due to the fragmented ownership. There is over 50,000m of historical drilling at Corral mainly centered on the Ringo, Earp and Holliday Zones and although this core has been destroyed, Intrepid has a historical digital drill hole archive database which the Company uses for the purposes of exploration targeting and drill hole planning. Intrepid, through ongoing exploration drilling and surface geological mapping, sampling and prospecting is increasing confidence in the validity of these data. The Corral Copper Property is comprised of the Excelsior Property, the CCCI Properties, the Sara Claim Group and the MAN Property. The Company has completed the acquisition of the Excelsior Property and Sara Claim Group through purchase and sale agreements. The Company has the right to acquire the corporate group that holds the CCCI Properties through an option agreement. The Company has the right to acquire the MAN Property through an option agreement. See the "Commitments" section of the Company's most recently filed Management Discussion and Analysis for further details. Intrepid is confident that by combining modern exploration techniques with historical data and with a clear focus on responsible development, the Corral Copper Property can quickly become an advanced exploration stage project and move towards development studies. About Intrepid Metals Corp. Intrepid Metals Corp. is a Canadian company focused on exploring for high-grade essential metals such as copper, silver, and zinc mineral projects in proximity to established mining jurisdictions in southeastern Arizona, USA. The Company has acquired or has agreements to acquire several drill ready projects, including the Corral Copper Project (a district scale advanced exploration and development opportunity with significant shallow historical drill results), the Tombstone South Project (within the historical Tombstone mining district with geological similarities to the Taylor Deposit, which was purchased for $1.3B in 20184, though mineralization at the Taylor Deposit is not necessarily indicative of the mineral potential at the Tombstone South Project) both of which are located in Cochise County, Arizona and the Mesa Well Project (located in the Laramide Copper Porphyry Belt in Arizona). Intrepid has assembled an exceptional team with considerable experience with exploration, developing, and permitting new projects within North America. Intrepid is traded on the TSX Venture Exchange (TSXV) under the symbol "INTR" and on the OTCQB Venture Market under the symbol "IMTCF". For more information, visit www.intrepidmetals.com. INTREPID METALS CORP. On behalf of the Company "Ken Engquist" CEO For further information regarding this news release, please contact: Ken Engquist, CEO 604-681-8030 info@intrepidmetals.com Notes 1 Composite intervals are calculated using length weighted averages based on a combination of lithological breaks and copper, gold, silver and zinc assay values. All intervals reported are core lengths, and true thicknesses are yet to be determined. Mineral resource modeling is required before true thicknesses can be estimated. Analyzed Grade corresponds composite weighted ("composites") averages of laboratory analyses. Metal Equivalent corresponds to undiluted metal equivalent of reported composites and Diluted Metal Equivalent takes into account estimated recovery of 85% for copper, and 80% for gold, silver and zinc for reported composites. Metal prices used for the CuEq and AuEQ calculations are in USD based on Ag $22.00/oz, Au $1900/oz, Cu $3.80/lb, Zn $1.15/lb The following equation was used to calculate copper equivalence: CuEq = Copper (%) (85% rec.) + (Gold (g/t) x 0.729150601917791)(80% rec.) + (Silver (g/t) x 0.00844279644325863)(80% rec.) + (Zinc (%) x 0.302631578947368)(80% rec.). The following equation was used to calculate gold equivalence: AuEq = Gold (gpt)(80% rec.) + (Copper (%) x 1.3714285702785)(85% rec.) + (Silver (gpt) x 0.0115789473684211)(80% rec.) + (Zinc (%) x 0.415037593636916)(80% rec.). Analyzed metal equivalent calculations are reported for illustrative purposes only. The metal chosen for reporting on an equivalent basis is the one that contributes the most dollar value after accounting for assumed recoveries. 2 Data disclosed in this news release includes historical drilling results and information derived from historic drill results, Intrepid Metals has not undertaken any independent investigation of the sampling, nor has it independently analyzed the results of the historical exploration work in order to verify the results. Intrepid considers these historical data relevant as the Company is using this data as a guide to plan exploration programs. The Company's current and future exploration work includes verification of the historical data through drilling. 3 Information disclosed in this news release regarding the historic Bisbee Camp can be found on the Copper Queen Mine website and on the City of Bisbee website (www.bisbeeaz.gov/2174/Bisbee-History). 4 Details regarding the sale of the Taylor Deposit can be found in South32 News Release dated October 8, 2018 (South32 completes acquisition of Arizona Mining). Cautionary Note Regarding Forward-Looking Information Certain statements contained in this release constitute forward-looking information within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to: the potential of the property; the interpretation of drills results; the scale and continuity of copper mineralization across the property; timing for release of additional drill results; details of future drilling and exploration plans; that Corral Copper is one of the most compelling emerging copper projects in the Southwest; the details of a 3.5 km long string of copper-gold-silver-zinc bearing carbonate replacement bodies ; details about potential mineralization; the exploration potential of the Corral Copper Property and the Company's other mineral projects; and potential future production. In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the Company can raise additional financing to continue operations; the results of exploration activities, commodity prices, the timing and amount of future exploration and development expenditures, the availability of labour and materials, receipt of and compliance with necessary regulatory approvals and permits, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to the ability to access infrastructure, risks relating to the failure to access financing, risks relating to changes in commodity prices, risk related to unanticipated geological or structural formations and characteristics risks related to current global financial conditions, risks related to current global financial conditions and the impact of any future global pandemic on the Company's business, reliance on key personnel, operational risks inherent in the conduct of exploration and development activities, including the risk of accidents, labour disputes and cave-ins, regulatory risks including the risk that permits may not be obtained in a timely fashion or at all, financing, capitalization and liquidity risks, risks related to disputes concerning property titles and interests, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release. The issuer is solely responsible for the content of this announcement.
Vancouver, British Columbia - Newsfile Corp. - May 21, 2025 - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces drill core assay results from the Antino Gold Project ("Antino" or "Project") in southeastern Suriname (Figure 1). The Company reports high-grade gold mineralization at Upper Antino including 33.0 metres (m) of 3.50 grams per tonne (g/t) gold (Au) in drilling east of the Main Froyo Shear ("Froyo"). Additional drilling results extend gold mineralization north 125 m, increasing total strike length of Froyo to ~1.7 kilometres (Figure 2). Drilling Highlights Growth-focused drilling expands high-grade gold mineralization in parallel structures (Figures 2 & 3): 33.0 m of 3.50 g/t Au and 19.0 m of 0.84 g/t Au (FR114) 13.0 m of 2.00 g/t Au (FR082) 4.0 m of 5.92 g/t Au (FR105) Broad gold zones and 125 m northward extension: 41.9 m of 1.06 g/t Au (FR099) 12.0 m of 1.51 g/t Au and 22.5 m of 0.50 g/t Au (FR101), extending gold mineralization north in two parallel mineralized zones Colin Padget, President & CEO, commented, "These results clearly demonstrate Upper Antino's growth potential in multiple directions. Gold mineralization continues eastward over substantial intervals while our step-out drilling has successfully expanded the northern boundary by 125 metres. The two broad intervals in hole FR114 align well with our mineralization and structural models and suggest there is potential to 'connect-the-dots' between Froyo and Donut. Additionally, while we have seen some increases in assay turnaround times and have been focusing on certain corporate items, we anticipate releasing additional results from our earlier-stage exploration targets along-side a comprehensive overview in the coming weeks." Drilling continues to expand Upper Antino gold mineralization and Figure 4 provides a 12-month snapshot showing the growth of the mineralized footprint over that time. In this release, drill hole FR114 intersecting 33.0 m of 3.50 g/t Au, is one of several holes planned to target further eastward growth of Froyo gold mineralization and determine if additional parallel zones link Froyo with the Donut target. Drillhole FR101 intercepted two distinct zones of mineralization with the shallower 22.50 m interval of 0.5 g/t Au beginning at 27.60 m and potentially a new shear as the deeper 12 m of 1.51 g/t Au aligns well with the previously reported 8.0 m of 2.08 g/t Au in hole FR095. These are encouraging intercepts indicating additional northward potential and drill holes are planned further north to continue testing these structures. About Founders Metals Inc. Founders Metals is a Canadian-based exploration company focused on advancing the Antino Gold Project located in Suriname, South America, in the heart of the Guiana Shield. Antino is 20,000 hectares and has produced over 500,000 ounces of gold from surface and alluvial mining to date1. The Company is fully financed for up to 60,000 metres of drilling in 2025. 1 2022 Technical Report - Antino Project; Suriname, South America. K. Raffle, BSc, P. Geo & Rock Lefrançois, BSc, P.Geo. Table 1: Drill Hole Assay Results Hole ID From (m) To (m) Interval* (m) Au (g/t) FR114 201.00 206.00 5.00 0.47 and 220.00 253.00 33.00 3.50 and 361.00 380.00 19.00 0.84 FR109 NSA FR108 24.00 30.00 6.00 0.22 FR106 NSA FR105 372.00 376.00 4.00 5.92 and 439.00 451.00 12.00 0.28 FR101 27.60 50.10 22.50 0.50 and 306.00 318.00 12.00 1.51 FR100 0.00 8.10 8.10 0.31 and 110.00 112.00 2.00 2.41 FR099 29.10 71.00 41.90 1.06 and 212.00 224.00 12.00 0.38 FR098 67.00 78.00 11.00 0.32 FR097 84.00 95.00 11.00 0.86 and 133.00 155.00 22.00 0.26 FR096 0.00 14.10 14.10 0.35 and 206.00 212.00 6.00 1.09 FR094 99.00 111.00 12.00 0.79 and 217.00 223.00 6.00 0.61 FR085 340.00 356.00 16.00 0.46 and 287.00 288.00 1.00 13.70 FR084 92.10 96.60 4.50 0.72 and 152.00 157.00 5.00 2.22 FR083 NSA FR082 14.10 20.10 6.00 0.47 and 297.00 314.00 17.00 0.50 and 396.00 409.00 13.00 2.00 EV003 142.00 146.00 4.00 3.23 EV002 166.00 171.00 5.00 1.69 EV001 NSA *Intervals are down-hole depths. True widths of mineralization are estimated to be approximately 85% of the down-hole interval based on preliminary results and observations. All are diamond drill holes. Table 2: Drill Hole Location Hole ID Easting (m) Northing (m) Elevation (m) Azimuth (°) Dip (°) Depth (m) FR114 817305.40 401269.27 150.73 250.20 -55.10 578.03 FR109 816949.97 401985.23 174.91 260.00 -50.40 305.00 FR108 817340.15 402062.76 240.08 260.00 -49.60 171.60 FR106 817242.90 402026.11 243.03 259.80 -50.00 285.40 FR105 817348.54 401449.94 205.99 250.40 -50.00 551.00 FR101 817140.66 402020.24 222.27 259.80 -50.00 332.00 FR100 817181.50 401652.99 152.07 259.90 -60.00 302.10 FR099 817020.28 401616.99 159.05 260.40 -69.80 317.06 FR098 816803.12 401776.65 161.39 259.70 -50.10 259.98 FR097 816854.85 401713.07 160.50 259.80 -50.50 293.14 FR096 816927.39 401661.02 161.00 260.00 -50.00 314.04 FR094 817042.86 401766.69 160.99 260.00 -45.00 317.00 FR085 817235.12 401493.15 209.93 250.20 -49.80 472.96 FR084 817339.38 400826.82 208.16 240.00 -55.00 362.00 FR083 817163.75 401453.62 214.58 249.60 -49.80 371.01 FR082 817249.02 401415.71 206.01 250.10 -50.00 439.80 EV003 817458.20 401129.11 162.83 235.63 -56.10 259.66 EV002 817475.32 400916.25 199.46 229.91 -50.84 275.04 EV001 817397.23 401073.51 176.66 233.97 -52.20 278.12 The coordinate reference system is WGS 84, UTM zone 21N (EPSG 32621) Figure 1: Antino Property Map To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7574/252894_dfc006ac9459eaf6_001full.jpg Figure 2: Plan Map To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7574/252894_dfc006ac9459eaf6_002full.jpg Figure 3: Cross-Section To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7574/252894_dfc006ac9459eaf6_003full.jpg Figure 4: Upper Antino Gold Footprint - 12-month Snapshot To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7574/252894_dfc006ac9459eaf6_004full.jpg Quality Assurance and Control Samples were analyzed at FILAB Suriname, a Bureau Veritas Certified Laboratory in Paramaribo, Suriname (a commercial certified laboratory under ISO 9001:2015). Samples are crushed to 75% passing 2.35 mm screen, riffle split (700 g) and pulverized to 85% passing 88 µm. Samples were analyzed using a 50 g fire assay (50 g aliquot) with an Atomic Absorption (AA) finish. For samples that return assay values over 5.0 grams per tonne (g/t), another cut was taken from the original pulp and fire assayed with a gravimetric finish. Founders Metals inserts blanks and certified reference standards in the sample sequence for quality control. External QA-QC checks are performed at ALS Global Laboratories (Geochemistry Division) in Lima, Peru (an ISO/IEC 17025:2017 accredited facility). A secure chain of custody is maintained in transporting and storing of all samples. Drill intervals with visible gold are assayed using metallic screening. Rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project. Qualified Persons The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., P.Geol., P.Geo., an independent qualified person as defined by National Instrument 43-101. ON BEHALF OF THE BOARD OF DIRECTORS, Per: "Colin Padget" Colin Padget President, Chief Executive Officer, and Director Contact Information Katie MacKenzie, Vice President, Corporate Development Tel: 306 537 8903 | katiem@fdrmetals.com Cautionary Statement Regarding Forward-Looking Information This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings and the future or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect ", "is expected ", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management discussion and analysis. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws. All material information on Founders Metals can be found at www.sedarplus.ca. The issuer is solely responsible for the content of this announcement.
Vancouver, British Columbia - Newsfile Corp. - April 29, 2025 - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to announce that drilling has commenced at the Corral Copper Property ("Corral" or the "Property"), located in Cochise County, part of the prolific Turquoise District of southeastern Arizona. The 2025 drill program is Intrepid's second drill program on the Property and includes diamond drilling at the Ringo, Earp and Holliday Zones. Drilling will be conducted by Godbe Drilling LLC ("Godbe"). "We are excited to announce the commencement of drilling at our Corral Copper Property, with the objective of further delineating and expanding the impressive 3.5 by 1.5 kilometer copper-gold-silver-zinc mineralized footprint identified during our 2024 program," stated Ken Engquist, CEO of Intrepid. "This Phase 2 drill campaign builds on the strong results of our earlier work and is a significant step forward in advancing this highly promising discovery." The initial 5,000m diamond drill program has started at the Ringo Zone ("Ringo"), which delivered high-grade intercepts in 2024, including: - 112.95 meters ("m") of 1.50% Copper ("Cu"), 0.53 grams per ton ("gpt") Gold ("Au") and 8.22 gpt Silver ("Ag") (1.66% Copper Equivalent ("CuEq")1) from 68.40 to 181.35m in Hole CC24_023 including, 63.40m of 2.57% Cu, 0.91 gpt Au and 14.14 gpt Ag (2.83% CuEq1) 1.40m of 20.20% Cu, 8.51 gpt Au and 250.00 gpt Ag (23.85% CuEq1). - 193.15m of 0.68% Cu and 0.33 gpt Au (0.83% CuEq1 from 27.00 to 220.15m in Hole CC24_011 including, 48.85m of 2.24% Cu and 0.97 gpt Au (2.58% CuEq1) and 3.90m of 6.80% Cu and 1.02 gpt Au (6.54% CuEq1). Please refer to the Intrepid News Release dated July 9, 2024 and entitled "Intrepid Metals Drills 20.20% Cu, 8.51 gpt Au and 250.00 gpt Ag (23.85% CuEq) at its Corral Copper Property in Arizona" for more details on these results, including details on data verification and exploration information. A total of six drill holes are initially planned at Ringo, after which the drill rig will be mobilized to the Holliday and Earp Zones. Results from the initial 2025 drilling at Ringo, combined with data from the 2024 program, will be used to refine the geological model and optimize subsequent 2025 drilling at Ringo. Upside Exploration Potential The Corral Copper Project contains mineralization consistent with Carbonate Replacement Copper-gold-silver deposits ("CRD"), skarn copper-gold and porphyry copper-gold deposits. The Ringo, Holliday and Earp zones at Corral contain broad zones of disseminated and vein style mineralization that are locally high-grade (see above). Intrepid is focused on verifying existing mineralization to establish geological controls on mineralization in known zones, expanding known zones along strike, down dip and down-plunge and testing the Property's porphyry copper potential. Corral is geologically analogous to the prolific Bisbee Camp (located ~100km southeast) where high-grade copper-gold CRD (e.g., Copper Queen; 53Mt @ 6% Copper2) are spatially associated with Jurassic porphyry copper-gold porphyry deposits (Lavender Pit; 223 Mt @ 0.63% Copper past production3). Although there is porphyry style alteration and mineralization at Corral, a systematic porphyry exploration campaign for the district has not been previously completed. All scientific and technical information in this news release has been prepared by, or approved by Daniel MacNeil, P.Geo. Mr. MacNeil is a Technical Advisor to the Company and is a qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. MacNeil has verified the drilling data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Mr. MacNeil verified the data disclosed (or underlying the information disclosed) in this news release by reviewing imported and sorted assay data; checking the performance of blank samples and certified reference materials; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Mr. MacNeil detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the drilling data referred to in this news release. Tombstone Update The Company also announces that it has entered into an agreement to amend the option agreement dated April 20, 2021 with New Empire Exploration LLC (the "Vendor") to acquire a 100% interest in the Tombstone South Property ("Tombstone") located in Arizona. The amendment provides for an extension to complete the required US$1,500,000 work commitment that is due May 2025 to May 2026, and the US$1,500,000 work commitment that is due May 2026 to May 2027, in exchange for the issuance of an additional 300,000 common shares of Intrepid, and payment of an additional US$25,000, in each case to the Vendor. For additional information on the Tombstone Property, please refer to the National Instrument 43-101 Technical Report dated effective May 10, 2021 entitled "Technical Report on the Tombstone South Property, Cochise County, Arizona, USA" filed on SEDAR+ at www.sedarplus.com. About Corral Copper The Corral Copper Property, located near historical mining areas, is an advanced exploration and development opportunity in Cochise County, Arizona. Corral is located 15 miles east of the famous mining town of Tombstone and 22 miles north of the historic Bisbee mining camp which has produced more than 8 billion pounds of copper4. Production from the Bisbee mining camp, or within the district as disclosed in the next paragraph, is not necessarily indicative of the mineral potential at Corral. The district has a mining history dating back to the late 1800s, with several small mines extracting copper from the area in the early 1900s, producing several thousand tons. Between 1950 and 2008, various companies explored parts of the district, but the effort was uncoordinated, non-synergistic and focused on discrete land positions and commodities due to the fragmented ownership. There is over 50,000m of historical drilling at Corral mainly centered on the Ringo, Earp and Holliday Zones and although this core has been destroyed, Intrepid has a historical digital drill hole archive database which the Company uses for the purposes of exploration targeting and drill hole planning. Intrepid, through ongoing exploration drilling and surface geological mapping, sampling and prospecting is increasing confidence in the validity of these data. The Corral Copper Property is comprised of the Excelsior Property, the CCCI Properties, the Sara Claim Group and the MAN Property. The Company has completed the acquisition of the Excelsior Property and Sara Claim Group through purchase and sale agreements. The Company has the right to acquire the corporate group that holds the CCCI Properties through an option agreement. The Company has the right to acquire the MAN Property through an option agreement. See the "Commitments" section of the Company's most recently filed Management Discussion and Analysis for further details. Intrepid is confident that by combining modern exploration techniques with historical data and with a clear focus on responsible development, the Corral Copper Property can quickly become an advanced exploration stage project and move towards development studies. About Intrepid Metals Corp. Intrepid Metals Corp. is a Canadian company focused on exploring for high-grade essential metals such as copper, silver, and zinc mineral projects in proximity to established mining jurisdictions in southeastern Arizona, USA. The Company has acquired or has agreements to acquire several drill ready projects, including the Corral Copper Project (a district scale advanced exploration and development opportunity with significant shallow historical drill results), the Tombstone South Project (within the historical Tombstone mining district with geological similarities to the Taylor Deposit, which was purchased for $1.3B in 20185, though mineralization at the Taylor Deposit is not necessarily indicative of the mineral potential at the Tombstone South Project) both of which are located in Cochise County, Arizona and the Mesa Well Project (located in the Laramide Copper Porphyry Belt in Arizona). Intrepid has assembled an exceptional team with considerable experience with exploration, developing, and permitting new projects within North America. Intrepid is traded on the TSX Venture Exchange (TSXV) under the symbol "INTR" and on the OTCQB Venture Market under the symbol "IMTCF". For more information, visit www.intrepidmetals.com. INTREPID METALS CORP. On behalf of the Company "Ken Engquist" CEO For further information regarding this news release, please contact: Ken Engquist, CEO 604-681-8030 info@intrepidmetals.com Notes 1 Composite intervals are calculated using length weighted averages based on a combination of lithological breaks and copper, gold, silver and zinc assay values. All intervals reported are core lengths, and true thicknesses are yet to be determined. Mineral resource modeling is required before true thicknesses can be confidently estimated. Analyzed Grade corresponds composite weighted ("composites") averages of laboratory analyses. Metal Equivalent corresponds to undiluted metal equivalent of reported composites. Metal prices used for the CuEq and AuEQ calculations are in USD based on Ag $22.00/oz, Au $1900/oz, Cu $3.80/lb, Zn $1.15/lb The following equation was used to calculate copper equivalence: CuEq = Copper (%) (85% rec.) + (Gold (g/t) x 0.71)(80% rec.) + (Silver (g/t) x 0.0077)(80% rec.) + (Zinc (%) x 0.28)(80% rec.). The following equation was used to calculate gold equivalence: AuEq = Gold (g/t)(80% rec.) + (Copper (%) x 1.4085)(85% rec.) + (Silver (g/t) x 0.0108)(80% rec.) + (Zinc (%) x 0.4188)(80% rec.). Analyzed metal equivalent calculations are reported for illustrative purposes only. The metal chosen for reporting on an equivalent basis is the one that contributes the most dollar value after accounting for assumed recoveries. 2 Briggs, D.F., 2015, History of the Warren (Bisbee) Mining District, Arizona Geological Survey Contributed Report CR15b,8 p. 3 Lewis, K., 2022, Geology and Mineralization of the Undeveloped Cochise Supergene Porphyry Copper Deposit, Warren (Bisbee) Mining District, Cochise County, Arizona, The University of Arizona, MSc thesis, 104 pages. 4 Information disclosed in this news release regarding the historic Bisbee Camp can be found on the Copper Queen Mine website and on the City of Bisbee website (www.bisbeeaz.gov/2174/Bisbee-History). 5 Details regarding the sale of the Taylor Deposit can be found in South32 News Release dated October 8, 2018 (South32 completes acquisition of Arizona Mining). Cautionary Note Regarding Forward-Looking Information Certain statements contained in this release constitute forward-looking information within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to: the advancement of the Company's projects in Arizona; the exploration potential of the Corral Copper Property including its mineralization potential; the timing, details and goals of the next exploration and drill program; the development of the next district scale copper opportunity in North America; the objective of further delineating and expanding the impressive 3.5 by 1.5 kilometer copper-gold-silver-zinc mineralized footprint identified during the 2024 program; the details of the porphyry copper-gold targets have been identified on the Corral Copper Project; the statement regarding building on the strong results of the Company's earlier work and is a significant step forward in advancing this highly promising discovery; and the exploration potential of the Company's other mineral projects. In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the Company can raise additional financing to continue operations and complete an additional drill program; the results of exploration activities, commodity prices, the timing and amount of future exploration and development expenditures, the availability of labour and materials, receipt of and compliance with necessary regulatory approvals and permits, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to the ability to access infrastructure, risks relating to the failure to access financing, risks relating to changes in commodity prices, risk related to unanticipated geological or structural formations and characteristics risks related to current global financial conditions, risks related to current global financial conditions and the impact of any future global pandemic on the Company's business, reliance on key personnel, operational risks inherent in the conduct of exploration and development activities, including the risk of accidents, labour disputes and cave-ins, regulatory risks including the risk that permits may not be obtained in a timely fashion or at all, financing, capitalization and liquidity risks, risks related to disputes concerning property titles and interests, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release. The issuer is solely responsible for the content of this announcement.
Vancouver, British Columbia - Newsfile Corp. - April 22, 2025 - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to announce that drill permits for an approximately 5,000 meter ("m") Phase 2 drill program (the "Phase 2 Drill Program") have been received for the Corral Copper Project ("Corral" or the "Property"), located in Cochise County, part of the prolific Turquoise District of southeastern Arizona. The drill program is set to commence before the end of the month, alongside ongoing exploration activities with field crews currently operating onsite. "With our financing now secured, we're excited to launch this 5,000 m drill program, our second on the Property, aimed at further defining and expanding the impressive 3.5 by 1.5 km copper-gold-silver-zinc mineralized footprint outlined from our 2024 program," stated Ken Engquist, CEO of Intrepid. "This Phase 2 Drill Program will build on our previous success, focusing on infill drilling and testing system extensions to unlock the full potential of this emerging discovery. While the majority of our drill hole locations are situated on patented mining claims and do not require permitting, we have secured the necessary permits to allow us to expand beyond those boundaries." Exploration crews are currently engaged in systematic surface mapping and geochemical sampling on-site at Corral (the "2025 Exploration Program"). This year's program builds on an array of 2024 exploration efforts, including 4,806 metres of diamond drilling, surface mapping, geological modeling, a ground-based gravity geophysical survey and 3D inversion of historical airborne magnetic data. The results from the 2025 Exploration Program will be integrated into the 2024 exploration program, to refine drill hole locations for the Phase 2 Drill Program, set to commence by the end of April 2025. The Phase 2 Drill Program will consist of approximately 5,000 m of drilling and aims to advance the development of this promising discovery. About Corral Copper The Corral Copper Property, located near historical mining areas, is an advanced exploration and development opportunity in Cochise County, Arizona. Corral is located 15 miles east of the famous mining town of Tombstone and 22 miles north of the historic Bisbee mining camp which has produced more than 8 billion pounds of copper1. Production from the Bisbee mining camp, or within the district as disclosed in the next paragraph, is not necessarily indicative of the mineral potential at Corral. The district has a mining history dating back to the late 1800s, with several small mines extracting copper from the area in the early 1900s, producing several thousand tons. Between 1950 and 2008, various companies explored parts of the district, but the effort was uncoordinated, non-synergistic and focused on discrete land positions and commodities due to the fragmented ownership. Intrepid has been able to secure data from various sources which provides a solid foundation in creating geological interpretations and identifying new target areas. The Corral Copper Property is comprised of the Excelsior Property, the CCCI Properties, the Sara Claim Group and the MAN Property. The Company has completed the acquisition of the Excelsior Property and Sara Claim Group through purchase and sale agreements. The Company has the right to acquire the corporate group that holds the CCCI Properties through an option agreement. The Company has the right to acquire the MAN Property through an option agreement. See the "Commitments" section of the Company's most recently filed Management Discussion and Analysis for further details. Intrepid is confident that by combining modern exploration techniques with historical data and with a clear focus on responsible development, the Corral Copper Property can quickly become an advanced exploration stage project and move towards development studies. Technical Information All scientific and technical information in this news release has been prepared by, or approved by Daniel MacNeil, P.Geo. Mr. MacNeil is a Technical Advisor to the Company and is a qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. About Intrepid Metals Corp. Intrepid Metals Corp. is a Canadian company focused on exploring for high-grade essential metals such as copper, silver, and zinc mineral projects in proximity to established mining jurisdictions in southeastern Arizona, USA. The Company has acquired or has agreements to acquire several drill ready projects, including the Corral Copper Project (a district scale advanced exploration and development opportunity with significant shallow historical drill results), the Tombstone South Project (within the historical Tombstone mining district with geological similarities to the Taylor Deposit, which was purchased for $1.3B in 20182, though mineralization at the Taylor Deposit is not necessarily indicative of the mineral potential at the Tombstone South Project) both of which are located in Cochise County, Arizona and the Mesa Well Project (located in the Laramide Copper Porphyry Belt in Arizona). Intrepid has assembled an exceptional team with considerable experience with exploration, developing, and permitting new projects within North America. Intrepid is traded on the TSX Venture Exchange (TSXV) under the symbol "INTR" and on the OTCQB Venture Market under the symbol "IMTCF". For more information, visit www.intrepidmetals.com. INTREPID METALS CORP. On behalf of the Company "Ken Engquist" CEO For further information regarding this news release, please contact: Ken Engquist, CEO 604-681-8030 info@intrepidmetals.com Notes 1 Information disclosed in this news release regarding the historic Bisbee Camp can be found on the Copper Queen Mine website and on the City of Bisbee website (www.bisbeeaz.gov/2174/Bisbee-History). 2 Details regarding the sale of the Taylor Deposit can be found in South32 News Release dated October 8, 2018 (South32 completes acquisition of Arizona Mining). Cautionary Note Regarding Forward-Looking Information Certain statements contained in this release constitute forward-looking information within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to: the advancement of the Company's projects in Arizona; continued growth, ongoing success;; the exploration potential of the Corral Copper Property including its mineralization potential; the significant potential for new discoveries across Corral Copper's expansive land package; the timing, details and goals of the next exploration and drill program; the development of the next district scale copper opportunity in North America; the significant potential to host significant intervals of copper-gold-silver-zinc mineralization; and the exploration potential of the Company's other mineral projects. In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the Company can raise additional financing to continue operations and complete an additional drill program; the results of exploration activities, commodity prices, the timing and amount of future exploration and development expenditures, the availability of labour and materials, receipt of and compliance with necessary regulatory approvals and permits, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to the ability to access infrastructure, risks relating to the failure to access financing, risks relating to changes in commodity prices, risk related to unanticipated geological or structural formations and characteristics risks related to current global financial conditions, risks related to current global financial conditions and the impact of any resurgence of COVID-19 on the Company's business, reliance on key personnel, operational risks inherent in the conduct of exploration and development activities, including the risk of accidents, labour disputes and cave-ins, regulatory risks including the risk that permits may not be obtained in a timely fashion or at all, financing, capitalization and liquidity risks, risks related to disputes concerning property titles and interests, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release. The issuer is solely responsible for the content of this announcement.
倫敦2025年4月18日 /美通社/ -- Rio Tinto與能源轉型方案供應商AMG M&M簽署諒解備忘錄（MOU），共同評估在印度開發由可再生能源驅動的一體化低碳鋁項目的可行性。AMG M&M由Greenko和AM Green的兩位創辦人推動成立。 雙方將共同考慮開發一座每年最高達100萬公噸（Mtpa）產能的原鋁冶煉廠，以及每年200萬公噸產能的氧化鋁生產設施，兩者均由風能及太陽能等可再生能源供電，並由抽水蓄能技術穩定電力供應。該項目將包括一項研究，以評估在印度一個具優勢的地點設立首階段每年50萬公噸產能的原鋁冶煉廠的可行性。 力拓鋁業（Rio Tinto Aluminium）行政總裁Jérôme Pécresse表示：「這項研究是我們擴大全球低碳鋁業務版圖的重要一步，同時亦讓我們探索在新興市場推動項目發展的新方式與機遇。與AMG Metals & Materials合作，讓我們能夠評估如何利用可再生能源發展具成本效益且負責任的鋁生產。印度具備快速的經濟增長及策略地位，是這項潛在項目的理想選址，亦符合我們建立一個在全球更具多元性和韌性的鋁業業務的長遠願景。」 作為研究的一部分，AMG M&M將與Greenko合作，研究一項具穩定性的可再生能源方案；同時，Rio Tinto將探索一個具商業可行性的氧化鋁解決方案。 該研究還將評估冶煉技術選項，以確定該項目的最具成本效益的解決方案。 AMG Metals & Materials及Greenko集團總裁Mahesh Kolli表示：「在過去幾年，我們已經成功交付了多種脫碳解決方案，包括電力、分子、化學品和燃料。我們很高興能將這一成果進一步擴展至材料領域。這份諒解備忘錄有望提供急需的低碳金屬，並能大規模推動全球供應鏈中的脫碳舉措，涵蓋汽車、建築、消費包裝等多個領域。」 AMG Metals & Materials簡介 AMG Metals & Materials由Greenko Group兩位創辦人成立，他們同時也是印度領先能源轉型解決方案供應商Greenko集團的創辦人之一，並且是全球脫碳解決方案供應商AM Green的創辦人之一。Greenko擁有10 GW的短期運營可再生能源產能，涵蓋太陽能、風能和水力發電，並正在印度建設100 GWh的單循環儲能容量。 AM Green正在印度多個地點開發低碳氨項目，目標在2030年前達到每年500萬公噸的綠色氨產能。 其首座正在建設中的工廠位於卡金達（Kakinada），預計擁有每年100萬公噸的綠色氨產能，將成為全球最大的符合RFNBO標準的綠色氨設施之一，並支持印度及經合組織市場達成淨零排放目標的努力。 AM Green亦正在開發淨零分子與化學品 （包括綠色氫氧化鈉、電子甲醇、烯烴、生物燃料）的生產能力，為難以滅排的行業實現脫碳。詳情請瀏覽www.amgreen.com 聯絡方法 AMG Metals & Materials Suheil Imtiaz公共事務與策略傳訊suheil.m@amgreen.com Rio Tintomedia.enquiries@riotinto.com 傳媒關係： 傳媒關係： 傳媒關係： 英國 澳洲 加拿大 Matthew Klar Matt Chambers Simon Letendre 手機：+44 7796 630 637 手機：+61 433 525 739 手機：+1 514 796 4973 David Outhwaite Michelle Lee Malika Cherry 手機：+44 7787 597 493 手機：+61 458 609 322 手機：+1 418 592 7293 Rachel Pupazzoni Vanessa Damha 手機：+61 438 875 469 手機：+1 514 715 2152 傳媒關係： 美國 Jesse Riseborough 手機：+1 202 394 9480 投資者關係： 投資者關係： 英國 澳洲 Rachel Arellano Tom Gallop 手機：+44 7584 609 644 手機：+61 439 353 948 David Ovington Amar Jambaa 手機+44 7920 010 978 手機+61 472 865 948 Laura Brooks 手機：+44 7826 942 797 Weiwei Hu 手機：+44 7825 907 230 Rio Tinto plc Rio Tinto Limited 6 St James's Square Level 43, 120 Collins Street London SW1Y 4AD（倫敦） Melbourne 3000（墨爾本） 英國 澳洲 電話：+44 20 7781 2000 電話：+61 3 9283 3333 於英格蘭註冊 於澳洲註冊 編號：719885 ABN 96 004 458 404 riotinto.com分類：一般
LONDON, April 17, 2025 /PRNewswire/ -- Rio Tinto and AMG Metals & Materials (AMG M&M), an energy transition solutions provider, have signed a Memorandum of Understanding (MOU) to jointly assess the feasibility of developing an integrated low-carbon aluminium project powered by renewable energy in India. AMG M&M is promoted by the two founders of Greenko and AM Green. Together, the parties will consider the potential development of up to a 1 million tonnes per annum (Mtpa) primary aluminium smelter and 2 Mtpa of alumina production, both powered by renewable wind and solar energy firmed by pumped hydro storage. The development will comprise a study to evaluate a potential first phase 500,000 tonnes per annum primary aluminium smelter in a favourable location in India. Rio Tinto Aluminium Chief Executive Jérôme Pécresse said: "This study is an important step in our ambition to grow our global, low-carbon aluminium footprint while exploring new project delivery approaches and opportunities in emerging markets. Partnering with AMG Metals & Materials enables us to assess how we can develop low-cost responsible aluminium production powered by renewable energy. With its rapid economic growth and strategic position, India is a compelling location for this potential project and aligns with our long-term vision for a globally more diverse and resilient aluminium business." As part of the study, AMG M&M will examine a firmed renewable energy solution with Greenko, while Rio Tinto will explore a commercial alumina solution. The study will also assess smelting technology options to determine the most cost-effective solution for the project. Group President of AMG Metals & Materials and Greenko Mahesh Kolli said: "Over the last few years, we have been able to deliver a multitude of decarbonization solutions comprising electricity, molecules, chemicals and fuels. We are excited to expand that further to the materials space. This MOU could deliver much needed low-carbon metal at scale to propel decarbonization initiatives in global supply chains across auto, construction, consumer packaging and many more segments." About AMG Metals & Materials AMG Metals & Materials is incorporated by Anil Chalamalasetty and Mahesh Kolli, the founders of Greenko Group, one of India's leading energy transition solutions providers, and AM Green, a global decarbonization solution provider. Greenko has a near-term operational renewable energy capacity of 10 GW across solar, wind and hydro and is building 100 GWh of single cycle storage capacity across India. AM Green is developing low-carbon ammonia projects across multiple locations in India with a goal to reach 5 Mtpa of green ammonia capacity by 2030. Its first plant currently under construction in Kakinada with a projected capacity of 1 Mtpa of green ammonia will be one of the world's largest RFNBO compliant green ammonia facilities, supporting efforts to achieve net zero targets both in India and OECD markets. AM Green is also developing production capabilities for other net zero molecules and chemicals including green caustic soda, e-methanol, olefins & biofuels for decarbonization in hard to abate industries. Further information at www.amgreen.com Contacts AMG Metals & Materials Suheil ImtiazPublic Affairs & Strategic Communicationsuheil.m@amgreen.com Rio Tintomedia.enquiries@riotinto.com Media Relations, Media Relations, Media Relations, United Kingdom Australia Canada Matthew Klar Matt Chambers Simon Letendre M +44 7796 630 637 M +61 433 525 739 M +1 514 796 4973 David Outhwaite Michelle Lee Malika Cherry M +44 7787 597 493 M +61 458 609 322 M +1 418 592 7293 Rachel Pupazzoni Vanessa Damha M +61 438 875 469 M +1 514 715 2152 Media Relations, US Jesse Riseborough M +1 202 394 9480 Investor Relations, Investor Relations, United Kingdom Australia Rachel Arellano Tom Gallop M: +44 7584 609 644 M +61 439 353 948 David Ovington Amar Jambaa M +44 7920 010 978 M +61 472 865 948 Laura Brooks M +44 7826 942 797 Weiwei Hu M +44 7825 907 230 Rio Tinto plc Rio Tinto Limited 6 St James's Square Level 43, 120 Collins Street London SW1Y 4AD Melbourne 3000 United Kingdom Australia T +44 20 7781 2000 T +61 3 9283 3333 Registered in England Registered in Australia No. 719885 ABN 96 004 458 404 riotinto.comCategory: General Rio Tinto
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