C3 Metals Inc. (TSXV:CCCM) acquired Jasperoide Copper-Gold Project1 from Compania Minera Ares S.A.C. on October 18, 2021. Under the terms, C3 Metals Inc. will issue 25 million common shares to Compania Minera Ares S.A.C. The common shares are subject to contractual resale restrictions providing that the common shares may only be sold, transferred, optioned, encumbered, pledged or hypothecated in any way, except as follows: (i) as to 25% on the date which is four months from the date of issuance; (ii) as to 25% on the date which is eight months from the date of issuance and (iii) as to 50% on the date which is 12 months from the date of issuance. C3 Metals Inc. (also entered into a royalty agreement with Ares that provides for a 1.5% net smelter returns ('NSR') royalty in respect of the Hochschild Jasperoide mineral concessions subject to the right of the Company to purchase 1% of the NSR (thereby reducing the NSR to 0.5%) for a price of $1 million at any time, replacing the previously granted 1.5% net smelter returns royalty that had no buy back provision.

C3 Metals Inc. (TSXV:CCCM) completed the acquisition of Jasperoide Copper-Gold Project1 from Compania Minera Ares S.A.C. on October 18, 2021.