Sells all Rights to Equity, Joint Venture Interest and Future Participation Rights in Sheep Creek Project Vancouver, British Columbia–(Newsfile Corp. – February 3, 2026) – US Critical Metals Corp. (CSE: USCM) (OTCQB: USCMF) (FSE: 0IU) (“Metals”) announces that it has, through its wholly-owned Nevada subsidiary, US Energy Metals Corp. (“Energy”, together with Metals, the “Company”), entered into a definitive agreement with U.S. Critical Materials Corp. (“Materials”), an arm’s length party, and US Rare Elements Corporation (“USRE”) (the “Purchase Agreement”). Under the terms of the Purchase Agreement, the Company will receive the following in exchange for all of its rights under the exploration, option and shareholder agreement dated July 25, 2022 (the “Original Agreement”): US$500,000 in cash on execution of the Agreement (the “Closing”); US$500,000 in cash within six months or less of the Closing; and 500,000 shares of common stock of Materials at Closing.
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Brief Summary
US Critical Metals Corp. (CSE: USCM) has successfully secured $1 million in funding through a strategic agreement involving the sale of its rights related to the Sheep Creek Project. This significant financial boost is expected to strengthen the company’s equity position and operational capabilities.
- $500,000 cash upon Agreement signing.
- $500,000 cash due within six months.
- Issuance of 500,000 shares of common stock in Materials.
- Positions the company to enhance its exploration efforts.
- Collaboration with U.S. Critical Materials Corp. and US Rare Elements Corporation.
Why it matters: This agreement puts US Critical Metals in a robust position financially, paving the way for future developments and potential returns for investors.
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