Bolt Metals Secures Option for Florália Iron Project

Bolt Metals Corp. has finalized an option agreement with Max Iron Brazil Ltd., allowing it to acquire 100% of the Florália High Purity Iron Property in Minas Gerais, Brazil. This strategic move bolsters Bolt's project portfolio alongside its Northwind project in Québec. The Florália site is advantageously located near existing infrastructure and major markets, which offers streamlined logistics and market access.

Simultaneously, Bolt is preparing a 5,000-metre maiden drill program at Northwind, set in the Abitibi greenstone belt. The initiative will test priority targets and advance geological insights, with results anticipated in summer and fall 2026. The Florália project is favored by strong exploration potential and promising metallurgical results.

Bolt CEO Zachary Kotowych emphasized the company's financial stability with substantial fundraising over the past year, aligning Bolt for growth in its project endeavors, which include reduced environmental footprint initiatives at Florália.