Sells all Rights to Equity, Joint Venture Interest and Future Participation Rights in Sheep Creek Project Vancouver, British Columbia–(Newsfile Corp. – February 3, 2026) – US Critical Metals Corp. (CSE: USCM) (OTCQB: USCMF) (FSE: 0IU) (“Metals”) announces that it has, through its wholly-owned Nevada subsidiary, US Energy Metals Corp. (“Energy”, together with Metals, the “Company”), entered into a definitive agreement with U.S. Critical Materials Corp. (“Materials”), an arm’s length party, and US Rare Elements Corporation (“USRE”) (the “Purchase Agreement”). Under the terms of the Purchase Agreement, the Company will receive the following in exchange for all of its rights under the exploration, option and shareholder agreement dated July 25, 2022 (the “Original Agreement”): US$500,000 in cash on execution of the Agreement (the “Closing”); US$500,000 in cash within six months or less of the Closing; and 500,000 shares of common stock of Materials at Closing.
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Brief Summary
US Critical Metals Corp. (USCMF) has successfully secured $1M USD for its Sheep Creek project, marking a significant step in its strategic operations.
- Receives $500,000 USD in cash upon agreement execution.
- Additional $500,000 USD within six months.
- 500,000 shares of common stock from U.S. Critical Materials Corp.
- Joint venture interests secured for future expansions.
What’s noteworthy is how this agreement positions US Critical Metals for future growth and stakeholder value.
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