Global Tactical Metals agrees to acquire Critical Defense Metals

GlobalData

Mon, Apr 7, 2025, 5:25 AM 2 min read

Global Tactical Metals has signed a definitive stock acquisition statement with Critical Defense Metals, a privately held Canadian company, to get 100% of its issued and outstanding shares.

The acquisition includes 2 cardinal properties successful Ontario. The Firstbrook Property, adjacent New Liskeard, encompasses 50 claims implicit astir 1,091ha. The Fox River Area Property, located north-west of Hearst, features 13 claims.

Under the acquisition terms, Global Tactical volition marque an archetypal non-refundable currency outgo of C$30,000 ($21,219), contented 3.5 cardinal communal shares and assistance a 2.5% gross gross royalty connected the merchantability of hydrogen, helium oregon immoderate different minerals from these properties.

It besides retains the close to repurchase this royalty for C$5m astatine immoderate time.

The transaction is expected to adjacent by 30 April 2025, pending customary closing conditions and regulatory approvals, including from the Canadian Securities Exchange.

This acquisition follows the rebranding from Global Defence Metals Corp to Global Tactical Metals Corp successful February 2025, with its trading awesome remaining 'MONI'.

In January, Cumberland Resources Nickel Corp had changed its sanction to Global Defence Metals Corp, with the trading awesome changing from 'LAND' to 'MONI'.

Last year, successful December, Cumberland Resources Nickel announced the staking of 30 contiguous, unpatented mining claims successful Darling Township, Ontario.

Together, these claims screen an country of astir 600ha and tally parallel to the 44 claims secured successful November 2024, frankincense amassing implicit 1,400ha successful Darling Township.

Situated 300km eastbound of Toronto, Darling Township benefits from hydroelectric power, accessible roadworthy networks and proximity to skilled workforce.

As the institution bolsters its portfolio successful Darling Township, it is focused connected identifying and tapping the worth of captious minerals, with a peculiar accent connected antimony, which has important strategical value successful sectors specified arsenic renewable energy, defence and electronics.

"Global Tactical Metals agrees to get Critical Defense Metals" was primitively created and published by Mining Technology, a GlobalData owned brand.