Under the Lia Energy Holdings option, Olympio paid a non-refundable A$20,000 due diligence fee for 90 days, and upon exercise will issue 15 million shares to the vendor.

Olympio has secured a firm A$3 million placement to fund the acquisition and exploration, with the vendor group contributing A$500,000, and the placement is oversubscribed.

While completing Raven and Sawtooth due diligence, Olympio continues advancing its Bousquet gold project in Quebec, pursuing a strategy that combines critical minerals with established assets.

Raven comprises 27 claims near Thompson Falls with historic mines; Sawtooth spans 99 claims near Sawtooth City, with known silver and antimony occurrences.

Olympio Metals is positioning itself to capitalize on US demand for secure domestic supplies of silver and antimony, aligning with growing critical minerals initiatives.

The seller retains marketing and offtake rights for 50% of production and a 5% net smelter royalty.

Olympio has signed a binding option to acquire 100% of the Raven silver project in Montana and the Sawtooth antimony project in Idaho, marking a strategic entry into the US critical minerals sector.

Deal milestones include deferred payments tied to development steps and drilling milestones, with a target for a JORC or foreign-compliant resource estimate of at least 250,000 ounces at around 100 g/t silver equivalent.

Raven benefits from nearby infrastructure, including access to a processing pathway via US Antimony Corporation’s smelter about 45 km away.

Both Raven and Sawtooth are on the USGS 2025 critical minerals list and align with the US government’s strategic mineral stockpile initiative, reflecting fresh discovery potential amid limited modern exploration.

Historical data show Raven produced 5,695 ounces of silver and 15 tonnes of copper from 85 tonnes of ore, while Silver King yielded 15,272 ounces of silver with notable lead and zinc and higher silver grades.