Rackla Metals Inc. Advances Exploration with Land Use Permit for Grad Project

In a significant development for Rackla Metals Inc., the company has secured a Type A Land Use Permit from the Sahtu Land and Water Board, marking a pivotal step forward for its Grad Project located in the Northwest Territories. This permit, announced on April 30, 2025, paves the way for the maiden drill program at the Grad Property, situated within the promising Tombstone Gold Belt. The permit, which spans five years with the possibility of a two-year extension, empowers Rackla to commence drilling at the BiTe Zone, a high-priority target that has shown early promise.

The Grad Project, now fully permitted and funded for the 2025 exploration season, represents a strategic move by Rackla Metals Inc. to capitalize on the untapped potential of Canada’s gold frontier. The company’s focus on the Grad Property underscores its commitment to exploring for base and precious metals, aligning with its broader operations across the Yukon and Alaska, including the Scarlet, Sixty Mile, Ten Mile Creek, and Rivier projects.

Simon Ridgway, CEO of Rackla Metals Inc., expressed optimism about the project’s prospects, highlighting the company’s readiness to advance exploration efforts significantly. The successful acquisition of the land use permit is a testament to Rackla’s strategic planning and its ability to navigate the regulatory landscape effectively.

The announcement has been well-received by the market, with Rackla Metals Inc.’s share price closing at 0.26 CAD on April 30, 2025. While this represents a slight decrease from the 52-week high of 0.285 CAD, the company’s market capitalization stands at 25,276,881 CAD, reflecting investor confidence in its long-term growth potential.

Rackla Metals Inc.’s exploration activities are closely watched by industry insiders and investors alike, as the company seeks to unlock value in Canada’s rich mineral landscape. With a focus on strategic exploration and development, Rackla Metals Inc. is poised to make significant contributions to the metals and mining sector.

For more information on Rackla Metals Inc. and its exploration projects, interested parties are encouraged to visit the company’s website at www.racklametals.com or consult its listing on the TSX Venture Exchange.

As Rackla Metals Inc. embarks on this new phase of exploration at the Grad Project, the company’s efforts are a clear indicator of its commitment to growth and innovation in the metals and mining industry. With the Grad Project fully permitted and funded, Rackla Metals Inc. is well-positioned to explore the untapped potential of Canada’s gold frontier, promising exciting developments in the near future.