Walker Lane announces shares for debt issuance

CMC Metals Ltd. (TSXV: CMB) (Frankfurt: ZM5P) (“CMC” or the “Company”) is pleased to announce that it has settled and canceled $77,600 in outstanding debt (the “Debt”) through the issuance of shares of the Company’s common stock (the “Shares”).

In accordance with the debt repayment (the “Debt settlement“), the company will issue 405,714 ordinary shares to one non-market creditor of the Company (the “Non-corporate creditor“) And 333,333 ordinary shares to one corporate creditor (the “Poor height creditor“) at an estimated price of $0.105 per share. The Company has entered into administrative and professional services agreements between the period April to and including August 2025including, with the Non-Arm’s Length Creditor for services provided and service agreements for the period April to October 2025including the arm’s length creditor.

The company has chosen to settle and pay down debt through the issuance of stock to preserve cash and improve the company’s balance sheet. The debt settlement is subject to approval by the TSX Venture Exchange (the “TSXV“). No new insiders will be created nor will there be a change of control as a result of the issuance of the Shares.

The issued shares have a holding period of four months, which expires on a date four months and one day after the date of issue.

Since certain insiders are parties to the Agreement for $35,000 or 333,333 shares, this may be considered a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and the TSXV. The Company relies on the exemptions from the formal valuation and minority shareholder approval requirements of MI-61-101 contained in section 5.5(a) and section 5.7(1)(a) as the fair market value of the common shares issued to insiders in connection with the Service Shares does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.

Kevin BrewerPresident and CEO of Walker Lane Resources Ltd. commented: “We have significantly reduced our debt burden and minimized operating costs and expenses to meet the challenges our industry has faced in 2024. The participation of my own company and a primary services company is a testament to my own and the Board’s belief that WLR has significant opportunities to increase shareholder value in the near future.”

About Walker Lane Resources Ltd.

Walker Lane Resources Ltd. is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District Yukon/BC and other properties in Yukon. The company plans to initiate an aggressive exploration program to explore the Tule Canyon (Walker Avenue, Nevada) and Amy (Rancheria Silver District, BC) projects through drilling programs with the goal of reaching resource definition in the near future.

On behalf of the board:
“Kevin Brewer”
Kevin BrewerChairman, CEO and director
Walker Lane Resources Ltd.

Cautious and forward-looking statements

This press release and related figures contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively, forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of the words “anticipate,” “plan,” “continue,” “estimate,” “expect,” “may,” “will,” “project,” “predict,” “potential,” “should,” “believe,” “targeted,” “may,” “anticipates,” “intends,” “likely,” “should,” “could” or grammatical variations thereof and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements regarding: our strategy and priorities, including certain statements in this presentation, are forward-looking statements within the meaning of Canadian securities laws, including statements regarding Tule Canyon, CambridgeSilver Mountain and Shamrock Properties Nevada (USA)), and its properties, including Silverknife and Amy properties in British Columbiathe Silver Hart, Blue Heaven and Logjam properties Yukon and the Bridal Veil estate Newfoundland And Labrador all of which now include WLR’s mineral properties. WLR has other assets of CMC Metals Ltd. acquired, including common stock ownership of North Bay Resources Inc. (OTC-US: NBRI) and all terms and agreements relating to the sale of the Bishop Mill gold processing facility and remain subject to the condition of the Silverknife property option with Coeur Mining Inc. (TSX:CDE). These forward-looking statements reflect the Company’s current beliefs and are based on information currently available to the Company and assumptions that the Company believes are reasonable. The Company has made various assumptions, including, among other things, that: the historical information relating to the Company’s properties is reliable; the Company’s operations are not disrupted or delayed by unusual geological or technical problems; the Company has the opportunity to explore the Company’s properties; the Company will be able to raise the necessary additional capital on reasonable terms to implement its business plan; the company’s current business operations will proceed as expected; general business and economic conditions will not change materially adversely; and the budgeted costs and expenses are and remain accurate.

Actual results and developments may differ materially from those discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: threats to public health; fluctuations in metal prices, the price of consumed raw materials and foreign exchange markets; future profitability of mining operations; access to staff; results of exploration and development activities, accuracy of technical information; risks associated with property ownership; risks associated with mining activities; risks related to mineral resource figures are estimates based on interpretations and assumptions that, under actual conditions, could result in less mineral production than currently expected; the interpretation of drilling results and other geological data; receipt, maintenance and security of mineral property permits and titles; environmental and other regulatory risks; changes in operating costs; changes in general market and industry conditions; changes in legal or regulatory requirements; other risk factors set out in this presentation; and other risk factors set forth in the Company’s public disclosure documents. Although the Company has attempted to identify significant risks and uncertainties that could cause actual results to differ materially, there may be other risks that cause results not to be as anticipated, estimated or intended. Certain of these risks and uncertainties are beyond the Company’s control. Accordingly, all forward-looking statements are qualified by these cautionary statements, and no assurance can be given that actual results or developments will be achieved or, even if materially achieved, that they will have the expected consequences or benefits to, or effect on, the company.

The information in this presentation has been obtained from the Company’s management and otherwise from publicly available information and is not intended to contain all the information an investor may wish to have in evaluating the Company. The information has not been independently verified, may prove to be inaccurate and is subject to material updates, revisions and further changes. Although management is not aware of any inaccuracies relating to the industry data presented herein, no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for any such information or opinions. The forward-looking statements and information contained in this presentation speak only as of the date hereof and the Company undertakes no obligation to update or revise such information to reflect new events or circumstances, except as required by applicable law. Although the Company believes that the expectations reflected in the forward-looking statements and information are reasonable, there can be no assurance that such expectations will prove to be correct. Because of the risks, uncertainties and assumptions contained herein, potential investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward-looking information. Nothing in this presentation is, or should be considered as such, a promise or representation as to the future. To the extent that any forward-looking statement in this presentation constitutes “forward-looking financial information” or “financial outlook” within the meaning of applicable Canadian securities laws, such information is provided for the purpose of demonstrating expected market penetration and the reader is cautioned that such information may not be appropriate for any other purpose and that the reader should not place undue reliance on such forward-looking financial information and financial outlook. Forward-looking financial information and financial prospects, like forward-looking statements generally, are based without limitation on the assumptions and subject to the risks set out above. The Company’s actual financial position and results of operations may differ materially from management’s current expectations and, as a result, from the Company’s revenues and expenses. The Company’s financial projections have not been prepared for the purpose of compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed or compiled by the Company’s accountants or auditors. The Company’s financial projections represent management’s estimates as of the dates indicated therein.

SOURCE Walker Lane Resources Ltd

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