Intrepid Metals Corp. (TSXV:INTR) entered into a definitive agreement to acquire Cave Creek Copper Inc. on February 14, 2023. The consideration for the acquisition would be, CAD 0.05 million cash and 1.5 million Shares of Intrepid Metals on the TSXV Approval.

6 Months after the transaction's closing, Intrepid Metals would pay CAD 0.05 million cash. 12 Months after the transaction's closing, Intrepid Metals would pay CAD 0.025 million cash and 1 million of its Shares. 24 Months after the transaction's closing, Intrepid Metals would pay CAD 0.4 million cash and 1 million of its Shares.

36 Months after the transaction's closing, Intrepid Metals would pay CAD 0.15 million cash and 3.5 million of its Shares. Intrepid Metals have also commented CAD 0.4 million in Exploration Expenditure Commitments. The Agreement is subject to the approval of the TSX Venture Exchange.