Acquisition Of Alaskan Project And LOI On Second

VANCOUVER - Granite Creek Copper Ltd. reported the acquisition of an Alaskan project and the signing of a Letter of Intent (LOI) to acquire a second project. Both projects have demonstrated critical minerals mineralization and are also prospective for carbon sequestration and geologic hydrogen production. Studies with respect to the latter are to be undertaken in cooperation with Cornell University under the guidance of Dr. Greeshma Gadikota. The Cornell team has recently been selected as a recipient of grant funding under the US Department of Energy's Advanced Research Projects Agency-Energy (ARPA-E) to study US-based geologic hydrogen.

The Company has acquired the Union Bay PGM-Ni project via staking, consisting of 20 unpatented claims located on the Cleveland Peninsula of southeastern Alaska, 35 miles northwest of Ketchikan.

Granite Creek has entered into an LOI signed October 23, 2024, with fellow Metallic Group of Companies member Stillwater Critical Minerals Inc (SWCM) to acquire the Duke Island Cu-Ni-PGE project ("Duke Island") subject to entering into a definitive purchase agreement. Duke Island consists of 31 unpatented claims that control the core area of copper-nickel-platinum-palladium (Cu-Ni-PGE) sulfide mineralization in the Duke Island ultramafic complex.