Copper Road Resources Inc. (TSXV: CRD, OTCQB: SAGGF) and Sterling Metals Corp. (TSXV: SAG, OTCQB: SAGGF) reached an agreement on February 13, 2024, for the sale of the Copper Road Project. This 24,000-hectare project, in Batchewana Bay, Ontario, includes the historic Tribag and Coppercorp mines, and showcases several zones with confirmed mineralization.

Transaction Details

Sterling Metals Corp. will acquire a 100% interest in the project through a share purchase agreement, offering 49% of its issued and outstanding shares to Copper Road, plus cash payments totaling $460,000. Completion hinges on shareholder and TSX Venture Exchange approvals.

Leadership Comments

Mark Goodman, Chairman of Copper Road, emphasized the transaction’s potential for rapid project advancement. Mathew Wilson, CEO of Sterling, highlighted the project’s historical significance and its role in complementing Sterling’s portfolio. The deal reflects a broader strategy to harness an upcoming copper super cycle.

Shareholder Meeting and Next Steps

A shareholder meeting is expected in Q2 2024 to vote on the project sale. Detailed information will be provided in the upcoming management information circular.

About Copper Road Resources
A Canadian based explorer focused on discovering significant copper/gold deposits in Ontario, Canada.

About Sterling Metals
Advancing high-grade Canadian exploration opportunities, Sterling Metals is poised for new discoveries in its extensive mineral systems.

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