Storm Exploration to Divest Miminiska Project to European Electric Metals

Storm Exploration Inc. has announced an agreement to sell its interest in the Miminiska Project to European Electric Metals Inc. The deal, valued at $5,812,500, includes cash payments and shares. Storm will use the funds to explore other properties like Keezhik, Attwood, and Gold Standard. The transaction awaits regulatory approval, including the TSX Venture Exchange's consent.

The transaction involves European Electric paying $3,525,000 in cash and issuing $2,287,500 in shares. Conditions for completion include regulatory and shareholder approvals. Storm will maintain its interest in Keezhik, focusing on its gold potential.

Future exploration at Gold Standard and Keezhik is planned, with drilling set for 2026. These projects aim to explore significant geological anomalies and expand potential mineral resources.