Not for dissemination in the United States or through U.S. newswires.
VANCOUVER, B.C. – March 12, 2024, TEAKO MINERALS CORP. (CSE: TMIN) (the
"Company" or "Teako") is delighted to announce the establishment of a substantial Norwegian
Project Hub (or “The Hub”) divided into four (4) districts and spanning thirty-one (31) projects
over an area of 3,818 square kilometers (“sq.km”) (or 381,800 hectares) realized through staking
of prospective copper, cobalt, nickel, zinc, gold, molybdenum and rare-earth-elements (or
“REE´s”) projects for further assessment (see Figure 1,2,3,4 and Table 1). This strategic move
positions Teako as the country's largest exploration company in terms of total project size.
When including its recently announced Norwegian main projects, Vaddas (see news release dated
January 22, 2024) and Lomunda and Venna (see news release dated February 27, 2024), the total
landholding in Norway now measures 5,458 sq.km (or 545,800 hectares), all of which is 100%
owned by the Company, except the part of the Vaddas property that is under an option agreement
with Capella Minerals Ltd (TSX.V-CMIL).
Highlights
• Teako Minerals Corp establishes itself as Norway’s most significant mineral exploration
company in terms of project size, with thirty-one (31) hub projects and three (3) main
projects in four (4) districts.
• Total application fees paid for the project hub; approximately C$54.000.
• The Project Hub land package equals 3,818 sq.km (or 381,800 hectares).
• Teako’s total landholding in Norway, including the Vaddas and Lomunda-Venna projects,
now measures 5,458 sq.km (or 545,800 hectares).
• The Project Hub secures prospective projects to meet the Company’s ambitions of
contributing to the European supply of critical metals and maximizing the first-mover
advantage in Norway
The staking of The Hub licenses incurred a total cost of approximately C$54.000 in application
fees and bears zero landholding costs in the initial year and under the licensing agreement, Teako
will have zero work commitments. The Hub was staked based on several months of research of
vast geological data. The data is stored publicly in an open-source database at The Geological
Survey of Norway (or “NGU”) and the Norwegian Directorate of Mining (or “DMF”). The .. see & read more on
https://teakominerals.com/wp-content/uploads/TMIN-NR-2024.12.03-Norwegian-Project-Hub.pdf