Sterling Metals Corp. (TSXV:SAG) agreed to acquire 24,000-hectare Copper Road Project located in Batchewana Bay, Ontario from Copper Road Resources Inc. (TSXV:CRD) on February 13, 2024. A part of consideration for the issuance to the Company of such number of common shares in the capital of Sterling that will be equal to 49% of the issued and outstanding Sterling Shares immediately prior to the closing of the Transaction, together with aggregate cash payments of CAD 460,000 to Copper Road Resources Inc., comprised of CAD 200,000 payable on execution of the Agreement and CAD 260,000 upon closing of the Transaction.

The Completion of the Transaction is subject to the approval of shareholders of the Copper Road Resources Inc. and the TSX Venture Exchange and certain other conditions. The board of directors of Copper Road approved the Transaction. As of April 30, 2024, all required approvals have received from the shareholders and the transaction will completed by May 2024.