Hercules Silver Rebrands to Hercules Metals, Signals Diversified Metals Push

Hercules Silver Corp., the TSXV-listed exploration company trading under ticker BIG on the TSX Venture Exchange, has officially transitioned to a new corporate identity effective June 28, 2024. The entity, previously known as Hercules Silver Corp. (OTCQB: BADEF, FSE: 8Q7), now operates as Hercules Metals Corp., a move that underscores the company’s expanding mineral portfolio beyond traditional silver assets.

Name Change Reflects Expanded Exploration Focus

The rebranding follows shareholder approval at the June 17, 2024 annual and special meeting. Notably, the trading symbol on TSXV will remain unchanged at “BIG,” ensuring continuity for existing investors. The new corporate name better captures the company’s diversified metals strategy, particularly highlighting its recently identified porphyry copper target discovered at the Hercules Project located northwest of Cambridge, Idaho.

This copper discovery represents a significant development for the exploration stage company. The Leviathan porphyry copper system, unearthed through ongoing drilling programs, has garnered attention as one of the region’s most notable recent discoveries. The 100% company-owned Hercules Project benefits from strategic backing by Barrick Gold, positioning it for accelerated development.

Governance Amendment Approved

Accompanying the name change, shareholders voted to amend By-Law No. 1, specifically removing a 6-month provision from section 9.01. The TSX Venture Exchange has conditionally approved this governance modification. Existing shareholders require no action regarding either the name transition or bylaw amendments, and current share certificates remain valid without exchange requirements.

Stock Options Grant to Employee

In concurrent personnel news, Hercules Metals granted 200,000 incentive stock options to an employee effective June 24, 2024. The options feature a $0.60 per share exercise price, with a 5-year exercise window. The vesting schedule distributes across four equal tranches over 24 months from the grant date, aligning employee interests with company performance under the shareholder-approved omnibus incentive plan.

Strategic Positioning in Idaho’s Copper District

The rebranded Hercules Silver (now Hercules Metals) positions itself as a developer of Idaho’s emerging copper and silver district. Management’s track record includes discovery and advancement of multiple precious metals projects globally, establishing credibility as exploration and development specialists in the region.

For investor inquiries regarding the transition, the company’s investor relations team stands ready to address shareholder questions or concerns.