BeMetals Corp. Enters Non-Binding Agreement for Savant Gold Project

Vancouver, BC / ACCESS Newswire / July 10, 2025 — BeMetals Corp. (TSXV: BMET) (OTCQB: BMTLF) (Frankfurt: 1OI.F) (“BeMetals” or the “Company”) has announced a non-binding Letter of Intent (LOI) with Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (Frankfurt: 1ET0) (“Prospector” or the “Vendor”). This agreement is for the option to acquire up to a 100% interest in the Savant Gold Exploration Project (the “Savant Project” or the “Property”), situated in a highly prospective gold district in northwestern Ontario, Canada.

The Savant Project covers approximately 232 km² in one of Ontario’s most prolific gold-producing regions. It is strategically located near several past producers and current operating mines, including the Red Lake and Musselwhite mines. The property is known for hosting numerous historical and recently identified high-grade gold occurrences, with geology analogous to iron formation-style deposits in the region, such as the Musselwhite Mine, which reportedly produced 212,000 ounces of gold last year.

Market Context

BeMetals Corp., a mining company specializing in the exploration, development, and production of base metals projects, operates primarily in Canada. The company is listed on the TSX Venture Exchange and trades in Canadian dollars (CAD). As of July 8, 2025, BeMetals Corp.’s close price was 0.035 CAD, with a 52-week high of 0.105 CAD on July 14, 2024, and a 52-week low of 0.03 CAD on July 6, 2025. The company’s market capitalization stands at 8,009,648 CAD.

Additional News

Prospector Metals Corp. has also confirmed the signing of the LOI with BeMetals for the option on the Savant Gold Project, as reported by Newsfile Corp. This development highlights the strategic interest in the region’s gold potential and underscores the collaborative efforts between BeMetals and Prospector Metals Corp. in exploring and potentially developing the Savant Project.

For more information about BeMetals Corp., visit their website at www.bemetalscorp.com .