Fireweed Metals

Fireweed Metals Corp. is a Canadian exploration and development company focused on advancing its critical metals assets in the Yukon and Northwest Territories. Fireweed’s flagship project is the Macpass District, encompassing 977 km² of land and hosting one of the world’s largest undeveloped primary zinc districts. The company’s assets include the Macpass zinc-lead-silver project with potential by-products of gallium and germanium, as well as the Mactung tungsten project, one of the largest and highest-grade tungsten resources globally.

In 2024, Fireweed released an updated Mineral Resource Estimate (MRE) for Macpass, more than doubling resource tonnage and tripling zinc-equivalent (ZnEq) contained metal in Indicated Resources. With a strong cash position and backing from district-building investors, including the Lundin family trusts, Fireweed is poised to expand its resources further through exploration, drilling, and targeted greenfield development.

Fireweed Metals is listed on the Toronto Stock Exchange Venture Exchange (TSX-V: FWZ), (OTCQX: FWEDF), and Frankfurt Stock Exchange (FSE: M0G), and is led by an experienced team with a track record in mineral exploration and development. Fireweed’s vision is to sustainably develop its metals assets to support the global transition to a low-carbon economy, leveraging innovative mining practices and a commitment to environmental stewardship.

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Fireweed Metals Corp. presents a compelling investment opportunity with its dominant position in one of North America's emerging critical metals districts. The Macpass zinc-lead-silver project, combined with the high-grade Mactung tungsten deposit, offers investors exposure to essential materials needed for renewable energy, infrastructure, and technology sectors. As the largest undeveloped zinc district in Canada and a globally significant tungsten resource, these assets provide a strong foundation for long-term growth.

The 2024 resource update at Macpass solidifies Fireweed’s asset base with an Indicated Resource containing 56 million tonnes at an average grade of 7.27% ZnEq, reflecting substantial exploration potential. The project’s strategic location in the mining-friendly Yukon offers reliable infrastructure and government support, enhancing operational efficiencies and supporting potential future expansion.

With rising global demand for critical minerals and increasing focus on securing Western supply chains, Fireweed Metals is uniquely positioned to benefit from these trends. Backed by the Lundin family trusts and other prominent investors, Fireweed is advancing its projects toward sustainable development, offering investors leverage to critical metals markets, strong asset growth potential, and a clear path to resource expansion.

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Fireweed Metals Corp. is led by a seasoned management team with deep expertise in mining exploration, project development, and corporate finance. At the helm is Interim President and CEO Stefan Ioannou, a resource industry veteran with over 25 years of experience in exploration and development. His strategic vision and operational insights, combined with executive leadership roles at Capstone Mining and Bluestone Resources, position him to drive Fireweed’s critical metals projects forward.

Guiding the company’s geological and technical efforts is Dr. Jack Milton, VP of Geology. With his extensive background in resource geology and a proven track record in overseeing major exploration programs, Dr. Milton brings technical rigor to Fireweed’s project development. Supporting corporate strategy is Alex Campbell, VP of Corporate Development, whose background in strategic planning and corporate growth helps advance Fireweed’s position within the critical metals sector.

The team is bolstered by CFO Graham Richardson, who brings over 15 years of financial acumen and capital markets experience to ensure disciplined fiscal management and funding strategies. 

Fireweed’s leadership combines technical expertise with strategic insight, positioning the company to execute its ambitious growth plans while upholding strong environmental, social, and governance (ESG) commitments.

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Fireweed Metals Corp. is executing a dynamic growth strategy focused on advancing its flagship Macpass District into a world-class critical metals hub. The company’s 2024 exploration program is a key driver, with 14,000 meters of drilling planned to expand the Macpass resource base and delineate new greenfield targets. Fireweed’s approach combines comprehensive in-fill drilling, resource expansion, and innovative geological modeling, targeting further increases in zinc and tungsten reserves while evaluating potential by-products such as gallium and germanium.

Sustainability is central to Fireweed’s strategy, with a commitment to responsible exploration and development practices that include active engagement with Indigenous communities. The company’s focus on environmental stewardship aims to establish sustainable mining operations that align with global decarbonization goals. Fireweed plans to integrate advanced technologies, including automated core cutting and AI-assisted geological analysis, to enhance project efficiency and reduce environmental impact.

Additionally, Fireweed benefits from inherited infrastructure, including road and airstrip access to its projects. This existing infrastructure reduces initial capital requirements, improving project economics and setting the stage for efficient project execution. As the company progresses, it remains open to strategic partnerships and funding options to maximize shareholder value and mitigate financial risk.

With a strong resource foundation, clear expansion plans, and a commitment to operational and environmental excellence, Fireweed Metals is well-positioned to become a leading supplier of critical metals for North America’s growing industrial and renewable energy sectors.

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As of 2024, Fireweed Metals Corp. is financially well-positioned to advance its flagship Macpass and Mactung projects. The company’s cash position of C$51.9 million (as of June 30, 2024) reflects strong support from strategic investors, including the Lundin family trusts, which have enabled Fireweed to aggressively expand exploration and resource development efforts.

Fireweed’s Macpass District has seen substantial resource growth, with updated estimates indicating significant zinc-equivalent tonnage across multiple deposits. This expanded resource base supports the financial outlook of the project, especially given the low-cost infrastructure advantages of existing road and airstrip access. The company’s prudent financial management helps optimize exploration expenditures, reducing the overall capital intensity of its projects.

To further mitigate financial risk, Fireweed is evaluating funding avenues, including potential partnerships and government support for critical metals projects. With tungsten, zinc, and associated critical metals designated as high-priority resources, Fireweed anticipates strong support from North American markets focused on securing reliable critical mineral supply chains.

With a disciplined approach to capital allocation and an eye on strategic funding options, Fireweed Metals is well-positioned to continue its development trajectory and deliver sustainable long-term value to investors.

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Fireweed Metals Corp. is poised to become a major player in North America’s critical metals sector, with its flagship Macpass District and Mactung tungsten project positioned as globally significant resources for zinc, tungsten, and other essential metals. With a robust resource base, clear expansion potential, and a commitment to responsible development, Fireweed offers a unique investment opportunity within an emerging metals district in Canada.

Led by an experienced management team and backed by strategic investors, Fireweed is advancing its projects with a disciplined approach that combines financial prudence, innovative exploration, and a focus on sustainability. The company’s commitment to environmental, social, and governance (ESG) principles, including active engagement with Indigenous communities, positions Fireweed as a responsible operator aligned with the industry’s shift towards sustainable mining practices.

As Fireweed Metals continues to progress through key exploration and development milestones, it is well-positioned to create lasting value for shareholders while supporting North America’s critical metals supply chain. For investors seeking exposure to a de-risked critical metals project with substantial growth potential and a commitment to environmental stewardship, Fireweed Metals presents an attractive opportunity for long-term value.

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