Transition Metals Declares Dividend-In-Kind of Shares Held in SPC Nickel Corp.

Sudbury, Canada--(Newsfile Corp. – February 24, 2021) - Transition Metals Corp (TSXV: XTM) (“Transition”, the “Company”) is pleased to announce that its board of directors has declared a special dividend-in-kind (the “Dividend”) of a portion of the common shares of SPC Nickel Corp. (“SPC Nickel”) held by the Company to the Company’s shareholders of record as at March 3, 2021 (the “Record Date”).  Each holder of the Company’s common shares on the Record Date will receive 0.1 of an SPC Nickel share (each whole SPC Nickel share, a “SPC Nickel Share”) for each one Transition share held by the Transition shareholders.  Shareholders will not receive fractional shares.  It is anticipated that the Dividend will be paid on or about March 17, 2021.

 

About Transition Metals Corp

 

Transition Metals Corp (TSXV: XTM) is a Canadian-based, multi-commodity project generator that specializes in converting new exploration ideas into Canadian discoveries in Canada. The award- winning team of geoscientists has extensive exploration experience in established, emerging and historic mining camps and actively develops and tests new ideas for discovering mineralization in places that others have not looked, which often allows the company to acquire properties inexpensively. The team is rigorous in its fieldwork and combines traditional techniques with newer ones to help unearth compelling prospects and drill targets. Transition uses the project generator business model to acquire and advance multiple exploration projects simultaneously, thereby maximizing shareholder exposure to discovery and capital gain. Joint venture partners earn an interest in the projects by funding a portion of higher-risk drilling and exploration, allowing Transition to conserve capital and minimize shareholder's equity dilution. The Company has an expanding portfolio that currently includes more than 25 gold, copper, nickel and platinum projects across Canada.