Rackla Metals Inc. Secures Land Use Permit for Maiden Drill Program

In a significant development for Rackla Metals Inc., the Canadian mineral exploration company has successfully obtained a land use permit for its maiden drill program at the Grad Property in the Northwest Territories (NWT). This milestone is a crucial step forward for the company as it seeks to advance its exploration efforts and potentially unlock new opportunities in the metals and mining sector.

Rackla Metals, listed on the TSX Venture Exchange, has been actively exploring for base and precious metals across several projects in the Yukon and Alaska. These include the Scarlet, Sixty Mile, Ten Mile Creek, and Rivier projects. The recent permit acquisition for the Grad Property underscores the company’s commitment to expanding its exploration footprint and enhancing its portfolio of mineral assets.

The company’s stock has experienced notable fluctuations over the past year, reaching a 52-week high of $0.335 CAD and a low of $0.045 CAD. As of May 8, 2025, the stock price stabilized at $0.27 CAD. This recent permit achievement could potentially bolster investor confidence and contribute to a more stable stock performance moving forward.

With a market capitalization of 28,080,000 CAD, Rackla Metals is poised to leverage this permit to initiate its maiden drill program, which could provide valuable insights into the mineral potential of the Grad Property. This exploration initiative is expected to play a pivotal role in the company’s strategic growth plans and its pursuit of new mineral discoveries.

As Rackla Metals continues to navigate the dynamic landscape of the metals and mining industry, this permit marks a promising advancement in its exploration endeavors. Stakeholders and industry observers will be closely watching the outcomes of the maiden drill program, anticipating its impact on the company’s future prospects.

For more information on Rackla Metals Inc. and its ongoing projects, interested parties can visit the company’s website at www.racklametals.com .