February 7, 2025, Vancouver, British Columbia – Supernova Metals Corp. (the “Company”) (CSE:SUPR) (OTC:ABETF) (Frankfurt:A1S.F) is pleased to announce that it has engaged Dahrouge Geological Consulting Ltd. (“Dahrouge”) to plan and execute its initial exploration program on the TT claims located in Central Labrador. The Company anticipates exploration to commence in February 2025.
About Dahrouge Geological Consulting Ltd.
Dahrouge is a North American mineral exploration, consulting and project management group with offices in Edmonton and Montreal, Canada, and Denver, Colorado. Dahrouge provides professional geological, logistical and project management services to the world's mining and mineral resource industry including project generation, program design, geophysics, project evaluation, and geology and resource estimations.
About the TT Claims
The Company currently holds two licenses, comprised of 33 claims, in central Labrador covering 825 hectares (known collectively as the "TT claims"). The project is located in the Red Wine Critical Rare Earth Element District (“RWCREE”). These claims have been staked for REE and other rare metals, including Be and Nb. The district can be subdivided into two areas: the northern area that is thought to have the potential for light rare earth elements (LREE: Nd, Pr), Be and Nb and the southern area that is thought to have the potential for heavy rare earth elements (HREE: Dy, Tb), Nd and Pr.
The TT claims are contiguous to the north and west of the Two Tom REE project. The Two Tom REE project reports an historical 43-101 mineral resource estimate, using a 0.6 TREO% cut-off, with an Inferred Resource of 41Mt at 1.18% TREO, 0.26% Nb205, 0.18% BeO and 0.06 ThO2% with 5% of the TREO being made up of HREOs (43-101 Technical Report by Tetra Tech Wardrop for Rare Earth Metals Inc., 2012).
The TT claims do not cover any portion of the historical resource area, so these results should not be relied upon as being indicative of the potential of the claims held by the Company.
Qualified Person
The technical information in this news release has been reviewed and approved by Roger March, P.Geo. and a Director of the Company. Mr. March is the qualified person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.
The Company also announces that it will issue 300,000 common shares to an arms-length third-party company as a bonus for providing advisory services to the Company. The shares will be subject to a statutory hold period that expires on June 15, 2025.
On Behalf of the Board of Directors
Sean McGrath
Chief Executive Officer
E: info@supernovametals.com
Forward-Looking Statements:
This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. All statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will support the viability of mining exploration, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration of PEL 107, and the availability of and the ability to retain and attract qualified personnel. Other factors may also adversely affect the future results or performance of the Company, including general economic, market or business conditions, future prices of minerals, changes in the financial markets and in the demand for minerals, changes in laws, regulations and policies affecting the mineral exploration industry, as well as the risks and uncertainties which are more fully described in the Company's annual and quarterly management's discussion and analysis and in other filings made by the Company with Canadian securities regulatory authorities under the Company's SEDAR+ profile. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The Company does not undertake any obligation to update such forward‐looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.