Additional Mineral Rights Secured For Expansion Of Corral Copper Property

VANCOUVER – Intrepid Metals Corp. reported the strategic expansion of its Corral Copper Property in Cochise County, Arizona through the acquisition of an additional four state leases from the Arizona State Land Department (ASLD) and another patented mining claim (the Emmet Claim) from Silver Nickle Mining Company. These new claims, located on the eastern border of Intrepid’s existing land package, significantly enhance the Company’s regional footprint. Notably, several of the newly acquired state leases bridge the southern gap between Intrepid’s holdings and recently acquired claims by Rio Tinto. The property acquisition by Rio Tinto followed Intrepid’s successful 2024 drill program, which highlighted the Property’s potential and drew significant regional interest. Please refer to Intrepid News Release dated January 15, 2025 for further details.

The new claims increase Corral’s total land package by approximately 2,195 acres (888 hectares), bringing the Company’s consolidated holdings to 11,715 acres (4,741 hectares). This positions Intrepid to further capitalize on the district’s exploration upside and reinforces its presence in one of Arizona’s most prospective copper belts.

“The expansion of our land position at Corral reflects our continued confidence in the district’s potential and our commitment to building a meaningful copper asset in a tier-one jurisdiction,” said Ken Engquist, Chief Executive Officer. “By securing these strategically located state leases, we’ve strengthened our competitive position alongside a major industry player and set the stage for further value creation through exploration.”