Storm Exploration: Update on Option Payment for Miminiska and Keezhik

  • VANCOUVER, BC / ACCESS Newswire / July 2, 2025 / Storm Exploration Inc. (TSX-VTRM) ("Storm" or the "Company") today announced that, further to its news release dated March 21, 2025, it has issued 6,239,385 common shares (each, a "Share") at a deemed price of $0.033005 per Share to Landore Resources Canada Inc. (the "Optionor") as partial payment due under the option agreement dated May 5, 2021, as amended, with the Optionor (the "Option Agreement"). The Company has issued an aggregate of 8,332,071 Shares to the Optionor as payment of the $275,000 cash installment due under the Option Agreement, which will result in the Optionor holding approximately 15.8% of the Company's issued and outstanding Shares as of today's date.