Midasco Capital Receives Conditional Approval for Spartan Exploration Acquisition and Reactivation

Vancouver, Canada — July 22, 2025 — NewsWall —Midasco Capital Corp. (TSX-V: MGC-H) announced that the TSX Venture Exchange has provided conditional acceptance for Midasco’s arm’s length acquisition of Spartan Exploration Nevada Corporation, a wholly owned subsidiary of Ridgeline Minerals Corp. (TSX-V: RDG), and the Company’s concurrent reactivation of its listing to become a Tier 2 mining issuer on the TSXV.

Midasco will change its name to “Spartan Metals Corp.” and its ticker symbol to “W” concurrently with the closing of the Proposed Transaction, which is expected to close in July 2025. The Proposed Transaction, Reactivation, and name and ticker change remain subject to final Exchange acceptance.

The Company also announced its intention to appoint Kosta Tsoutsis to its Board of Directors. Mr. Tsoutsis brings over 20 years of finance and capital market experience. Mr. Tsoutsis is the Chief Executive Officer and a Director of M3 Metals Corp. (TSXV: MT), a lithium exploration and development company with assets in Nevada and California and formerly worked as an investment advisor at Mackie Research, Jordan Capital Markets, and Canaccord Capital Corp. Mr. Tsoutsis’ appointment is subject to Exchange acceptance.

William Pettigrew, CEO of Midasco, made the announcement on behalf of the Board.

Further Information:
William Pettigrew
Chief Executive Officer
Midasco Capital Corp.
+1 604-313-8585
wcpettigrew@gmail.com

Source: Midasco Capital Corp.