CALGARY, Alberta, April 15, 2025 (GLOBE NEWSWIRE) -- Integral Metals Corp. (CSE: INTG | OTC: ITGLF | FSE: ZK9) (the "Company" or "Integral") recognizes the recent decision by China's Ministry of Commerce and the General Administration of Customs to implement new export restrictions on essential rare earth elements, which took effect on April 4, 2025. The new export controls will impact the supply of several vital rare earth elements, including samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium, which are integral to a wide range of high-tech and defense applications.
China's recent decision to impose export restrictions on critical rare earth elements highlights the growing global dependence on these materials and emphasizes the need for North America to secure a stable, independent supply. As the dominant global producer of rare earths, China's actions reinforce the pressing need for the development of a robust and sustainable rare earth supply chain within North America. This move further reinforces the urgency for North American self-sufficiency in securing access to these vital resources.
Woods Creek and Burntwood Properties - Integral's Key Assets
Integral Metals is advancing its exploration efforts at the Woods Creek property in Montana, USA, and the Burntwood property in Manitoba, Canada. Both properties are located in strategic regions aimed at reducing North America's reliance on foreign rare earth elements.
- The Woods Creek Property is located in Montana, USA, within a region known for its potential to host rare earth mineral deposits. This exploration project focuses on developing prospective areas for a range of rare earth elements. The property is well situated in a region that could contribute to meeting North America's demand for rare earths.
- The Burntwood property is situated in Manitoba, Canada, another key asset in Integral's portfolio. This property is strategically located near various infrastructure that could support exploration activities. Initial studies have shown potential for rare earth mineralization.
Paul Sparkes, CEO of Integral Metals, commented, "China's export restrictions have highlighted the importance of securing a stable, domestic supply of rare earth elements. At Integral, we are focused on advancing exploration at our Woods Creek and Burntwood properties, strategically located to help reduce North America's reliance on foreign sources and contribute to a more self-sufficient supply chain."
Qualified Person
Jared Suchan, Ph.D., P.Geo., Integral Metal's Vice President of Exploration and Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical contents of this news release.
On Behalf of the Board Directors
Paul Sparkes
Chief Executive Officer
825-414-3163
info@integralmetals.com
ABOUT INTEGRAL METALS CORP.
Integral is an exploration stage company, engaged in the business of mineral exploration for critical minerals, including gallium, germanium, and rare earth elements, with the goal of contributing to the development of a domestic supply chain for these minerals. Integral holds properties in mining-friendly jurisdictions in Canada and the United States of America, including the Northwest Territories, Manitoba and Montana, where it has received regulatory support for its exploration efforts.
Forward-Looking Information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current beliefs or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the Company's future plans, including the Company's plans to focus its efforts and resources on the Kap Property and its other mineral properties.
Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including, in respect of the forward-looking information included in this press release, assumptions regarding the future plans and strategies of the Company, including that the Company will continue to focus its efforts and resources on the Kap Property.
Although forward-looking information is based on the reasonable assumptions of the Company's management, there can be no assurance that any forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among other things, the risk that the Company's business prospects and priorities may change, whether as a result of unexpected events, general market and economic conditions or as a result of the Company's future exploration efforts, and that any such change may result in a re-deployment of the Company's resources and efforts in a manner divergent from the Company's current business plan or strategy. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
