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New Listing: Cortus Metals (TSXV: CRTS)

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The company has a portfolio of 23 projects that are generally located near operating mines or known deposits, sometimes on the same fault structure hosting the deposit. 65% of the projects are situated within the prolific Carlin, Cortez, Battle Mountain/Eureka, Getchell, and Long Canyon trends which host 80% of active gold mines.

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Additional Information:

Company: Cortus Metals
Website: http://www.CortusMetals.com
Stock Symbol: TSXV: CRTS
Date Published: Sep 10, 2020
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Cortus Metals is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “CRTS”, following its qualifying transaction with a Capital Pool Company of the same name.

For its qualifying transaction, the company acquired a 100% interest in the Grayson and Powerline mineral properties located in Nevada.

The Grayson and Powerline properties lie within the Great Basin segment of the Basin and Range Province in Nevada.

They are in proximity and along strike of known gold deposits in the region, including the Relief Canyon Mine, the Rochester Mine and the Spring Valley Gold and Silver Deposit, which are considered part of the Humboldt Trend.

Sean Mager, CEO, stated: "The Grayson and Powerline projects are just the tip of the iceberg for our foray into Nevada and beyond. They will provide a foothold for our innovative methodology and a rapid growth strategy in The Great Basin. Our enthusiasm has been echoed by ground-floor investors and third parties alike, who welcome the opportunity to participate as we advance our expanding project portfolio in the context of a surging gold market. With the concerted effort of in-house and third-party exploration, we look forward to generating significant gold and silver discoveries and the commensurate shareholder returns in the months and years to come."

To acquire its interest, Cortus is paying 1 million shares, following the recent two for one split, and a total of US$274,400.

The company has a portfolio of 23 projects that are generally located near operating mines or known deposits, sometimes on the same fault structure hosting the deposit.

The company is targeting epithermal and Carlin-type gold mineralization, from grassroots to drill-ready.

65% of the projects are situated within the prolific Carlin, Cortez, Battle Mountain/Eureka, Getchell, and Long Canyon trends which host 80% of active gold mines.

The remaining 35% are in the relatively untested, fault-controlled Lahontan Basin.

Management believes each individual project has the potential to host a 1 million ounce plus gold deposit.

Immediately prior to the completion of the Transaction, the company completed a non-brokered financing, raising gross proceeds of approximately $2.6 million ($2,562,500) from the sale of approximately 17.8 million (17,083,338) units priced at $0.15 per unit.

Each unit consists of one post-split share and one warrant exercisable at $0.20 per share for 24 months, subject to an acceleration clause.

The shares are trading at $0.25.

Cortus is a member of the Metals Group of Companies,

For more information, please visit the company’s website www.CortusMetals.com, contact Sean Mager, CEO, at 780-701-3215 or email seanm@CortusMetals.com.

I’m Cassandra Bolinski for Investmentpitch Media