- Intrepid Metals (TSXV: INTR, OTCQB: IMTCF) extended work commitments on Tombstone South Property in Arizona.
- Issued 300,000 shares and paid US$25,000 to New Empire Exploration LLC for this extension.
- Signed a US$10,000 promotional services agreement with Resource Stock Digest, effective May 15, 2025.
Intrepid Metals Corp. (TSXV: INTR, OTCQB: IMTCF) has announced the completion of an amendment to its option agreement for the Tombstone South Property in Arizona with New Empire Exploration LLC. This amendment extends the deadlines for two US$1.5 million work commitments by one year each, from May 2025 to May 2026, and May 2026 to May 2027.
In exchange for these extensions, Intrepid Metals issued 300,000 common shares and made an additional payment of US$25,000 to New Empire Exploration. This strategic decision provides operational flexibility for Intrepid Metals as it continues its exploration efforts.
Additionally, Intrepid announced a 3-month promotional services agreement with Resource Stock Digest for US$10,000, starting May 15, 2025. This agreement, which is subject to TSX Venture Exchange approval, includes no performance factors or equity compensation. Resource Stock Digest will distribute promotional content to its subscriber base, enhancing Intrepid Metals' visibility in the market.
