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Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QE2) ("Hertz" or the "Company") is pleased to announce the acquisition of the Harriman Antimony Property ("Harriman Property" or the "Property") comprised of 49 mineral claims (approximately 2,500 hectares) located in the Province of Québec through an arms length option agreement (the "Agreement") between prospector Glenn Griesbach ("Griesbach") and Canuck Lithium Corp. ("Canuck Lithium"), a wholly-owned subsidiary of Hertz.
The Harriman Property is an exploration stage antimony project located approximately 17 km northeast of the town of New Richmond in the Gaspé Region of Québec. The Gaspé Region is known for a variety of significant mineral deposits, most notably the Mine Gaspé Copper Mine, currently being developed by Osisko Metals. The Harriman Property benefits from good road access, hydroelectric power, port access, and nearby available manpower.
The Property was developed by compiling and reviewing historical antimony (Sb) and gold (Au) showings from the Québec government geoscientific database known as SIGÉOM. The Property area was defined by a series of four antimony showings, all hosted along a northeast-trending fault structure. Historical results from the nearby showings on the northeast-trending fault include 2.32% Sb, 3.36 g/t Au (Harriman-2), 43.75 Sb, 3.4 g/t Au (New Richmond), 4.8% Sb, 7.89 g/t Au and 15.35% Sb (Harriman-4 Sud) (source: SIGÉOM).
The Harriman Property includes the Harriman-Sud showing returning 15.35% Sb from a historical grab sample. This showing has had limited previous exploration and has not had any historical drilling.
No mineral resources or reserves have been defined on the Property. References herein to potential grades herein are historical and conceptual in nature. There has been insufficient exploration to define a mineral resource or deposit and there can be no assurance that further geological work will result in mineral resources, or a deposit being defined on the Property.
The Property is being acquired from Glenn Griesbach, P.Geo a prolific prospector who has compiled the Harriman property. Mr. Griesbach is currently number four (4) on the list of claims ownership in the Province of Québec with over 7,500 active claims and has completed over sixty (60) mineral property transactions.
Hertz Energy currently holds approx. $750,000 in critical minerals Flow Thru capital and intends to aggressively explore the Harriman Antimony Project. Hertz is immediately launching a ground surface exploration program in mid September with the intention to advance the project towards a winter drill program.
OPTION AGREEMENT TERMS
The Company can exercise the Option and earn a 100% interest in the Property by making a cash payment of $20,000 within seven business days of execution of the Agreement and issuing an aggregate of 4,000,000 common shares to Griesbach.
The issuance of 4,000,000 common shares of Hertz Energy (parent company of Canuck Lithium) to Griesbach is as follows:
- 1,000,000 common shares in the capital of Hertz Energy (the "Common Shares") upon signature of the Agreement and upon receipt of the approval of the TSXV;
- 1,500,000 common shares in the capital of Hertz Energy on or before the 1st anniversary of the effective date of the Agreement; and
- 1,500,000 common shares in the capital of Hertz Energy on or before the 2nd anniversary of the effective date of the Agreement.
Upon the commencement of commercial production from the Property, the Company will pay a royalty (the "NSR Royalty") to Griesbach being equal to 2.5% of Net Smelter Returns. The NSR Royalty may be reduced at any time from 2.5% of Net Smelter Returns to 1% of Net Smelter Returns by the Company or its permitted assign, by paying to Griesbach C$1,500,000. This right shall be exercisable at the Option of Canuck Lithium at any time and shall run with the land and not be assignable without the consent of Canuck Lithium.
Figure 1 Harriman Antimony Project Map
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https://images.newsfilecorp.com/files/9656/222359_05bd505fe49fc9c2_002full.jpg
Figure 2: Harriman Antimony Project Geology Map
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https://images.newsfilecorp.com/files/9656/222359_05bd505fe49fc9c2_003full.jpg
Figure 3: Harriman Antimony Airborne Magnetics Map
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https://images.newsfilecorp.com/files/9656/222359_05bd505fe49fc9c2_004full.jpg
About Antimony-In short Supply
In August, China announced antimony export restrictions which take effect on September 15, 2024 (source: Reuters, August 28, 2024) and are expected to have significant implications for the global antimony supply chain. China's announcement of antimony export restrictions has added fuel to a red-hot market and opens another potential flash-point with the West for control of critical minerals. Antimony is a little-known metal with multiple applications. Antimony's largest end-use is as a flame retardant, but it is also found in solar panels and batteries. The U.S. Department of the Interior has designated it a critical mineral because it is also essential for armour-piercing ammunition, infrared sensors, and precision optics.
Antimony prices have nearly doubled since the start of the year to a record $22,750 per tonne in part because of shrinking exports from major producers and a global deficit of the metal. China's exports are in medium-term decline due to higher demand from its solar energy sector, while Russian supply has been crimped by falling output and Western sanctions. The flow from other big producing nations such as Vietnam, Tajikistan, and Myanmar has been disrupted by the re-routing of shipments from the Red Sea due to Houthi attacks on shipping.
Analysts estimate the market was already looking at a 10,000-ton shortfall before China's export restrictions. These new controls are not targeted at any specific country but Chinese authorities can refuse licences to export to individual end-user companies or countries as they see fit.
Other Information on Antimony:
https://www.csis.org/analysis/chinas-antimony-export-restrictions-impact-us-national-security
https://www.antimony.com/wpfd_file/i2a-china-export-restriction-press-release-20-august-2024/
Kal Malhi, CEO of Hertz Energy, commented, "With the Chinese export restrictions on Antimony soon taking effect and several active conflicts around the world, the need for antimony has sky rocketed along with the price of antimony. Antimony is used heavily in a variety of military applications, including night vision goggles, explosive formulations, flares, nuclear weapons production, and infrared sensors plus as a fire retardant, in solar panels and electric batteries. Hertz Energy's acquisition will allow the Company to focus on utilizing our current flow-thru cash position of approximately $7500,000 to aggressively explore the Harriman Antimony Project in the coming months."
HERTZ ENGAGES INVESTOR RELATIONS CONSULTANTS
Hertz Energy also reports that it has engaged the following Investor Relations Consultants.
Investing News Network
Hertz Energy announces that it has entered into an advertising and investor awareness campaign agreement with Investing News Network ("INN"). INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007.
INN will introduce the Company to INN's audience of educated, active investors. Using a variety of methods, including an enhanced advertiser profile, news marketing, website and newsletter advertising and dedicated emails, INN will encourage its audience to engage directly with the Company to consider investing in the Company. INN does not provide Investor Relations or Marketing services. The Agreement is for three (3) months, commencing on September 4, 2024. INN will be granted 500,000 Options to purchase Hertz Energy common shares at a price of $0.085 over two years. INN can be reached at info@investingnews.com or by phone at 604-688-8231; INN is located at 736 Granville Street, Suite 1200, Vancouver, BC V6Z 1E4. INN currently holds no common shares of the Company. The Company will not issue any securities to INN as compensation for the services. INN has no direct relationship with the Company other than as set out in this news release.
Outside the Box
The Company announces that it has entered into a marketing and consulting agreement (the "OTBC Agreement") with an arm's length marketing firm, Outside The Box Capital Inc. ("OTBC") of Oakville Ontario, to provide marketing consulting and investor relations services, including marketing services through social media channels and online media distribution.
In connection with the OTBC Agreement, for a term of 1 month starting on September 4, 2024, the Company will issue OTB 500,000 options to purchase Hertz Energy shares at a price of $0.085 over two years and payments of $25,000 upon signing of agreement. OTBC has no direct relationship with the Company other than as set out in this press release.
CanaCom
Pursuant to the terms of the CanaCom Agreement, the services are to be provided over a 6-month period, commencing on September 5, 2024, for a fee of $30,000, plus applicable taxes. CanaCom is a full-service marketing agency based in Toronto, Ontario. CanaCom provides digital marketing awareness via advertising through its fully owned platform theDeepDive.ca, which includes both video and written content coverage of Canadian small-cap stories. CanaCom has its principal place of business at 1836 Scarth Street, Regina, SK S4P 3G3. CanaCom can be contacted at jay@thedeepdive.ca or by telephone at (306) 993-4791. CanaCom has no direct relationship with the Company other than as set out in this press release.
QUALIFIED PERSON STATEMENT
All scientific and technical information contained in this news release was reviewed and approved by Paul Teniere, P.Geo., Technical Advisor of Hertz Energy, who is a "Qualified Person" as defined in NI 43-101.
About the Company
The Company is a British Columbia based junior exploration company primarily engaged in the acquisition and exploration of energy metals mineral properties. The Company's lithium exploration projects include the AC/DC Lithium Project, and Snake Lithium Project in Jame Bay Québec. The AC/DC Project is 26,500 hectares located in the renowned James Bay Lithium District in Québec, Canada, just 26kms southeast of the Corvette Lithium Project owned by Patriot Battery Metals and is contiguous to Rio Tinto's Kaanaayaa project claims. The Company's Snake Lithium Project is also district scale and located amongst highly prospective projects held by other exploration companies. Hertz Energy's Harriman Antimony Project is its first Antimony property acquisition.
For further information, please contact Mr. Kal Malhi or view the Company's filings at www.sedarplus.ca.
On Behalf of the Board of Directors
Kal Malhi
Chief Executive Officer and Director
Phone: 604-805-4602
Email: kal@bullruncapital.ca
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding "Forward-Looking" Information
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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Metals.io
Tokenized commodities on Tezos: uranium, gold, strategic metals and more
Tokenized commodities on Tezos: uranium, gold, strategic metals and more Keep Reading...
Overview
Metals.io is a unified real-world asset platform built on Tezos infrastructure, designed to simplify access to physically backed commodities through blockchain tokenization. It enables investors to gain exposure to uranium, gold, and strategic metals through a single digital interface, reducing fragmentation, limited accessibility, and opacity traditionally associated with commodity markets.
The platform builds on the foundation of tokenized uranium and expands into a broader multi-asset framework aligned with growing global demand for critical resources. Uranium remains central due to its role in nuclear energy and long-term decarbonization efforts, while gold continues to function as a global store of value in periods of macroeconomic uncertainty.
Alongside these core assets, Metals.io incorporates exposure to strategic and rare earth metals that are increasingly vital to modern industrial systems. These materials underpin semiconductors, electrification, defense technologies, and AI-driven infrastructure, reflecting their growing importance in global supply chains.
By integrating blockchain infrastructure with real-world commodity markets, Metals.io enables fractional ownership, real-time settlement, 24/7 global trading access, and programmable financial utility. The platform represents a streamlined gateway to tokenized commodities that are central to both energy transition and technological advancement.
As of October 2026, the company allows access, ownership and trading of six metals: uranium (xU3O8), gold (VNXAU), a diversified strategic metals basket (RARE), cobalt (xCo), nickel (xNi) and copper (xCu). Cobalt and nickel were added in June 2026, followed by copper in October 2026. The company said it continues to strengthen its position as the “go-to destination for the buying and selling of critical infrastructure metals driving the low-carbon revolution to AI technologies.”
Company Highlights
- Multi-Asset Commodity Platform: Provides access to tokenized uranium (xU3O8), gold (VNXAU), a diversified strategic metals basket (RARE), cobalt (xCo), nickel (xNi) and copper (xCu) through a single interface
- Built on Tezos: Utilizes Tezos smart-rollup technology to enable scalable, low-latency and energy-efficient real-world asset tokenization.
- Physically Backed Assets: Tokens represent ownership of underlying physical commodities or allocated reserves, ensuring a direct link between digital assets and real-world supply.
- Institutional-Grade Custody: Archax, an FCA-regulated digital asset custodian, provides secure and compliant custody, with uranium stored in regulated facilities operated by Cameco and physical nickel, cobalt, and copper stored at industry-certified bonded warehouses in the Netherlands.
- Established Supply Chain: Curzon Uranium supports sourcing and logistics for uranium; Steinweg / C. Steinweg are physical custodians of the underlying cobalt, nickel and copper;while VNX and Noemon Tech contribute gold and strategic metals exposure.
- Global Market Access: Enables 24/7 access to tokenized commodities through digital asset infrastructure, supporting broader investor participation.
- Enhanced Market Transparency: Integrates pricing and data systems aimed at improving visibility in traditionally opaque commodity markets.
- On-Chain Financial Utility: Tokenized commodities can be used within decentralized finance applications, enabling liquidity access without selling underlying assets.
- Aligned with Global Demand Trends: Provides exposure to commodities central to nuclear energy, monetary hedging, industrial production, and advanced technologies, including AI and electrification.
Latest Press Releases
October 29, 2026
Metals.io Launches Copper, Unlocking Access to the Critical Metal at the Heart of Electrification
Key Assets
xU3O8 – Tokenized Uranium
xU3O8 provides direct exposure to physically backed uranium ore concentrate, a core input in nuclear energy generation. Each token represents ownership of uranium stored in regulated facilities, enabling fractional access to a historically institutional market.
Uranium plays a critical role in the global energy transition as nuclear power expands to meet rising electricity demand and decarbonization targets. xU3O8 enables investors to participate in this sector through a transparent, digitally accessible structure linked to physical supply.
On July 2026, Metals.io announced that xU3O8 is now available for trading on global crypto platforms Kraken and Kraken Pro. Aside from the Metals.io website, xU3O8 is also accessible via Gate, KuCoin, MEXC, Bitrue, LBank, BingX, the decentralized exchange Hanji and uranium.io.
The company highlighted the value of access to uranium with fractional ownership, no minimums, 24/7 global availability and near-instant settlement, providing individual investors with ownership options amidst the growing global electricity demand.
xCo - Tokenized Cobalt
xCo enables investors to own and trade physical cobalt in an investment-friendly and transparent manner by administering fractional ownership of physical cobalt in the form of a smart contract ledger. Each xCo represents a right of ownership of cobalt held by Archax as a trustee for investors.
Over 70% of cobalt comes from one country. Supply is tightening as the DRC (Democratic Republic of Congo) caps exports at 96,600 metric tons per year. Global EV (Electric Vehicle) battery demand is projected to increase cobalt consumption.
xNi - Tokenized Nickel
xNi enables investors to own and trade physical nickel in an investment-friendly and transparent manner by administering fractional ownership of physical nickel in the form of a smart contract ledger. Each xNi represents a right of ownership of nickel held by Archax as a custodian for investors.
Nickel powers the modern industry, essential for stainless steel and increasingly critical for EV (Electric Vehicle) batteries. Indonesia controls over 60% of supply and is tightening quotas. Trade restrictions, export bans, and policy shifts influence price movements, making real-time investment access vital.
xCu - Tokenized Copper
xCu enables investors to own and trade physical copper in an investment-friendly and transparent manner by administering fractional ownership of physical copper in the form of a smart contract ledger. Each xCu represents a right of ownership of copper held by Archax as a trustee for token holders.
Copper is the metal at the heart of electrification, essential for EVs, AI data centers, power grids, and renewable energy. Demand is forecast to grow 50% by 2040, while new mine supply takes 17+ years to come online. Unlike some metals, where substitution offers a safety valve, copper's conductivity properties make it difficult to replace in most applications.
VNXAU – Tokenized Gold
VNXAU represents allocated physical gold stored in secure, regulated vaults. Each token reflects direct ownership of gold reserves, combining the stability of gold as a traditional store of value with the efficiency and divisibility of blockchain infrastructure.
Gold continues to serve as a hedge against inflation, currency volatility, and macroeconomic uncertainty. Tokenization enhances accessibility and transferability while preserving full physical backing.
RARE – Strategic Metals Basket
RARE provides diversified exposure to strategic and rare earth metals essential to modern industrial and technological systems. The basket includes metals used in semiconductors, renewable energy infrastructure, defense technologies, and advanced manufacturing.
As global supply chains tighten and demand accelerates for critical inputs, strategic metals have become increasingly important to economic and technological resilience. RARE enables diversified exposure through a single tokenized instrument.
Key Technology Platform
Tezos / Etherlink Infrastructure
Metals.io is built on Tezos smart-rollup architecture via Etherlink, enabling high-speed execution, low latency, and scalable tokenization of real-world assets.
Physically Backed Asset Framework
Each token is backed by physical commodities or allocated reserves, ensuring verifiable linkage between digital assets and underlying real-world holdings across uranium, gold, and strategic metals.
Institutional Custody & Supply Chain
- Archax provides FCA-regulated custody
- Cameco-operated facilities store uranium reserves
- Curzon Uranium manages sourcing and logistics
- VNX supports allocated gold issuance structures
Market Infrastructure
Metals.io incorporates pricing and transparency systems designed to improve visibility in historically opaque commodity markets, particularly uranium and strategic metals.
On-Chain Utility
Tokenized commodities can be used as collateral in decentralized finance applications, enabling access to liquidity without requiring asset liquidation; currently available for Uranium and being expanded to other metals.
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