GMV Minerals Extends Option on Mexican Hat Property and Launches Economic Assessment

GMV Minerals Inc. has extended its exclusive option to acquire mineral claims at the Mexican Hat Property in Arizona. The extension, lasting three additional years, was secured with a payment of $5,000 to the Hernandez Trust. This decision enhances GMV's strategic position in developing its gold assets in Arizona, permitting ongoing exploration and planning activities.

Under the terms of this option, GMV has the right to purchase the claims, subject to a 3% net smelter return royalty to the Hernandez Trust, with a potential buy-back option for half of the royalty for $1.5 million.

Additionally, GMV has commissioned an updated Preliminary Economic Assessment. This study aims to reflect the latest economic conditions, including the current gold price and inflation impacts, with completion targeted for Q3 2025. Several consulting firms, led by Samuel Engineering, Inc., will contribute to this comprehensive evaluation.