Scientific Metals Corp. (“STM” or the “Company“) (TSX VENTURE: STM) (FRANKFURT:26X) (OTCQB: SCTFF) is pleased announce that it has acquired 25 unpatented lode mining claims, totalling 500 acres to the south extension of its flagship Iron Creek cobalt project. STM will have now expanded its land package to 1800 acres in the most prolific cobalt trend in the USA. The terms of the acquisition is the issuance of 2.1 million shares to an arms-length party and is subject to final approval by the TSX Venture Exchange.
Wayne Tisdale, CEO of STM commented: “We are thrilled to have acquired the southern extension to our flagship Iron Creek project. With our recently completed financing the Company is now funded for our 2017 exploration program at Iron Creek. We feel it’s important to have secured this strategic southern tie on ground. With cobalt hitting 7 year highs and many positive catalysts for this strategic EV metal we feel the time is right to explore for a home grown source of safe and ethical cobalt.”