Setting the Foundation for Growth

CMC performed very well in 2024 establishing deals that set a solid foundation for growth and shareholder value in 2025. We are implementing our mid term strategy which we expect will result in us outperforming many micro-cap and small cap juniors in 2025. Our new vision is focused on creating cash flowing properties within our strong portfolio of silver-based exploration projects.

Accomplishments in 2024

Our accomplishments in 2024 included:

Silverknife Option: Option agreement with Coeur Mining Inc. providing significant property expenditures and payments over a four year period to earn an initial 75% and a deal possibly worth in excess of $6 million (see cmcmetals.ca News-2024 Press release of November 20, 2024).

Sale of Bishop Gold Processing Mill: An amendment of the original purchase agreement for the gold processing mill in Bishop, California, whereby North Bay Resources Inc. (“NBRI’) acquired 55% ownership of the mill assets in partnership with 1436132 B.C. Ltd, that provided CMC with $400,000CDN in common shares of NBRI and $100,000USD in payments. The original purchase arrangement provides for a further $150,000USD in payments and $200,000 CAD in common shares in 2025 (see cmcmetals.ca News-2024 press releases dated April 4 and August 15, 2024).

Securing Property Rights: CMC acquired 100% ownership of the Bridal Veil Property, 100% ownership of the Silverknife and Amy Properties and 80% interest in the Blue Heaven Property (see cmcmetals.ca News-2024 press releases dated February 6 and June 7, 2024).

Property Reclamation: Completed a significant reclamation program on its Silver Hart and Blue Heaven claims to maintain permit compliance and avoid property bonding supplements (see cmcmetals.ca News-2024 press release dated Sept. 19, 2024).

Property Advancement: Completed a brief sampling effort on the Amy Property and prepared a drill plan for 2025 (see cmcmetals.ca News-2024 press release dated Nov 21, 2024).

Mineral Resource Estimate: On behalf of CMC, MICON International Ltd. prepared a new 43-101 Compliant Mineral Resource Estimate for the Silver Hart Project (see cmcmetals.ca press release dated Nov 20, 2024).

Financial Improvements: Completed two financings and shares for debt issuances leading to significant debt reduction.

Strengthening our Board: Added John Land to the Board. John has considerable resource experience and is also a very successful business person (see CMC

New Corporate Vision

Our new corporate vision is to establish cash flow producing operations that can support further investment in exploration and acquisition of high potential precious/critical metal assets in the Americans.

We plan to accomplish this vision by:

• Within five years, establish operating and cash-flow producing entities based on the utilization of improved and evolving ore sorting technologies to produce high grade silver ores from deposits in the Rancheria Silver District (i.e., Silver Hart, Blue Heaven, Amy in BC/Yukon) that are environmentally friendly, amenable to small scale open pit operations with very low operating and capital costs, scaleable and growth oriented, highly manageable, and well suited to a partnership approach with local First Nations and communities in Yukon; and
• Continuing to expand resources and exploration prospectivity on our existing properties to generate high value returns and saleable assets;
• Acquiring new assets with strong exploration potential to continue our commitment to owning a diversified portfolio of precious metal projects that serve to support a pipeline approach of value generation; and,
• Reducing dilution through a lower level of dependence on market financing.

Plans for 2025

Drill Program at Amy: Application for an exploration permit will be filed before the end of January and will include a proposed drilling program to be commenced in Q3/Q4 2025. Initial targets will include verifying historical drill holes which were noted to intersect significant high-grade zones of silver-lead-zinc mineralization and to also initiate delineation of several large vein structures through trenching and mapping.

Silver Hart – Pre-Development Studies and Partnership Efforts: To undertake initial metallurgical testing of Silver Hart ores and determine their suitability for ore sorting.

Continuing to work with our Partners: Continue working with Coeur Mining to advance exploration efforts on the Silverknife property and support North Bay Resources Inc. to establish regular processing of ores at the Bishop gold mill processing facility in California.

Advancing Other Assets to Drill-Ready Stage: Initiate detailed examination  of mineralized zone on the Blue Heaven and Logjam properties with the objective of bringing the properties to drill ready stages by 2026-2027.

These activities will be financed through a combination of a private placement and an orderly sale of our common shares of North Bay Resources Inc. commencing in Q2, 2025. Further details on our plans are presented in our update corporate presentation – January 2025 (see cmcmetals.ca).

Key Catalysts

Catalysts for 2025 will include:

• Securing an exploration permit for AMY and implementing a drill program in Q3/4, 2025;
• Completing metallurgical studies and demonstrating ore sorting capabilities on Silver Hart ores;
• Advancing a First Nations partnership for the development of the Silver Hart project
• Conducting a detailed evaluation of the mineralized zones and showings on the Blue Heaven and Logjam claims in Yukon;
• Generating wealth from continued payments and exploration expenditures arising from our Silverknife option and sale of Bishop gold mill; and,
• Monetizing our share position in North Bay Resources Inc. in an orderly manner to support operations.

Undervaluation

A recent valuation completed by Fundamental Research Corp. (see www.cmcmetals.ca Investors- Analysts) suggests that our stock is trading at over an 80% discount to their valuation.

Silver performed well in 2024 posting a respectable 20.5% gain ending the year at USD $28.91/oz. As we enter 2025, the silver market appears poised for something extraordinary. Many analysts predict a significant rise in silver prices as geopolitical and economic uncertainties will likely continue to support further improvements in precious metals prices. Furthermore, silver is expected to have continued demand increases as an industrial metal particularly in solar and EV applications. Silver’s unique dual role as both a critical industrial metal and a safe-haven investment are expected to support an overall strong price in silver in 2025.

Being primarily a silver explorer, CMC is well positioned to benefit from a solid plan for growth, strong commodity market prices, and the expected improvement in investor sentiment towards growth-oriented juniors.

CMC presents a compelling case for investment in 2025.

Further Information

Please contact Kevin Brewer, President, CEO and Director CMC Metals Ltd at:
Cellular: (709) 327 8013 or
Cellular: (+52) 669 918 8503
Or by email at kbrewer80@hotmail.com