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

In a significant development for Rackla Metals Inc., the company has successfully obtained a Type A Land Use Permit from the Sahtu Land and Water Board. This permit is a green light for the maiden drill program at the Grad Project, located within the renowned Tombstone Gold Belt in the Northwest Territories. The announcement, made on April 30, 2025, marks a pivotal moment for Rackla Metals, a mineral exploration company based in Canada, known for its operations across several promising projects in the Yukon and the Northwest Territories.

The Grad Project, now fully permitted and funded for the 2025 exploration season, stands at the forefront of Rackla Metals’ exploration endeavors. The five-year permit, with the possibility of a two-year extension, empowers the company to advance its exploration activities significantly. The focus will be on drilling at the BiTe Zone, a high-priority target that has shown early promise. This development is particularly noteworthy given the Grad Project’s strategic location within the Tombstone Gold Belt, an area known for its rich mineral deposits.

Simon Ridgway, CEO of Rackla Metals, expressed his gratitude for the support and feedback received throughout the permitting process. He highlighted the company’s efficient progress, noting that despite only spending 10 days on the property to date, the results have been compelling. This efficiency and the promising early findings underscore the potential of the Grad Project and the extension of the Tombstone Gold Belt within the Northwest Territories.

The Grad Project’s maiden drill program is not just a testament to Rackla Metals’ strategic exploration initiatives but also a reflection of the company’s commitment to advancing its portfolio of mineral exploration projects. With operations including the Scarlet, Sixty Mile, Ten Mile Creek, and Rivier projects in the Yukon, Rackla Metals is poised to make significant strides in the metals and mining sector.

As Rackla Metals embarks on this exciting phase of exploration at the Grad Project, the industry and investors alike will be watching closely. The successful acquisition of the land use permit and the commencement of the maiden drill program represent a crucial step forward for the company. It not only highlights the potential of the Grad Project but also reinforces Rackla Metals’ position as a key player in the exploration of base and precious metals in Canada.

For more information about Rackla Metals Inc. and its exploration projects, interested parties are encouraged to visit the company’s website at www.racklametals.com . With its listing on the TSX Venture Exchange and a market capitalization of 32,179,210 CAD, Rackla Metals continues to demonstrate its potential for growth and success in the dynamic metals and mining industry.