Great Northern Energy Metals Announce Fourth Amendment Agreement to Nuvemco Option Agreement

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CSE: GNEM

VANCOUVER, BC, July 14, 2025 /CNW/ - Great Northern Energy Metals Inc. ("GNEM" or the "Company") (CNSX:GNEM.CN) announces that it has amended the option agreement dated August 20, 2024 (the "Option Agreement") with Ventura Uranium LLC (dba Nuvemco, LLC) ("Nuvemco"), 1494402 B.C. Ltd. (the "Optionee") and Paul Szilagyi ("PS", and together with Nuvemco, the "Optionors"). The Optionee's obligations under the Option Agreement were assigned to GNEM pursuant to an assignment and assumption agreement dated May 8, 2025 (the "Assignment Agreement"). The Company and the Optionors have now entered into a fourth amendment agreement, dated July 11, 2025, pursuant to which the date for the first cash payment and the first common share payment has been extended to July 18, 2025 (the "Fourth Amendment Agreement").