Fort Capital acted as Financial Advisor to the Special Committee of Victory Metals

Transaction Details

Fort Capital Partners is pleased to announce its role as financial advisor to the special committee of Victory Metals.

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Victory Metals Inc. (TSXV:VMX) (“Victory Metals” or the “Company”) has announced that it has entered into a binding letter agreement with Nevada King Mining Ltd.  (“Nevada King“), whereby Victory Metals will acquire all the issued and outstanding shares of Nevada King, resulting in a 50:50 combination between the two companies (the “Transaction”).

The Transaction brings together a portfolio of development stage assets in Nevada: the Atlanta Gold Mine (a past producing gold mine), the Iron Point Vanadium/Gold Project (North America’s largest mineralized vanadium footprint) and a portfolio of mining claims representing the fourth largest number of active claims in Nevada.

Advancement of this portfolio will be managed by a highly experienced and successful team of mining entrepreneurs led by Executive Chairman Paul Matysek and CEO Collin Kettell.

The Transaction is contingent on the completion of a $8 million private placement, which is being fully backstopped by Palisades Goldcorp Ltd.

Fort Capital acted as financial advisor to the special committee of Victory Metals and provided a fairness opinion with respect to the Transaction.

ABOUT VICTORY METALS

Victory Metals owns a 100% interest in the Iron Point Vanadium Project, located 22 miles east of Winnemucca, Nevada. The project is advancing towards a maiden NI 43-101 resource and is located within a few miles of Interstate 80, with high voltage electric power lines running through the project area and a railroad line passing across the northern property boundary. Victory has a proven capital markets and mining team led by Executive Chairman Paul Matysek.

ABOUT NEVADA KING

Nevada King is the fourth largest claim holder in the State of Nevada, and also owns 100% of the past producing Atlanta Mine located 100km southeast of Ely, Nevada.

Atlanta’s NI43-101 compliant mineral resource includes measured and indicated resources grading 1.3 gold g/t and containing 460,000 ounces of gold. Inferred mineral resources are estimated at 142,000 ounces of gold averaging 0.83 g/t. Existing infrastructure includes electricity to the mine, phone/internet communications, access via a graded county road, and abundant water supply.