The TSX Venture Exchange has accepted for filing a share purchase agreement dated Jan. 18, 2024, between the company, a non-arm's-length entity (the target), and the non-arm's-length registered and beneficial owner of the target (the vendor). Pursuant to the terms of the agreement, the company will acquire all of the issued and outstanding shares of the target in consideration for the assignment and assumption of approximately $150,000 (U.S.) in costs incurred by the vendor in relation to the option, as defined herein.

The target holds an option to acquire a 100-per-cent undivided interest in the America mine property located in San Bernardino county, California. The property consists of four patented claims, 31 unpatented Bureau of Land Management (BLM) claims and six mill-site BLM claims.

The target may exercise the option by paying an aggregate of $1,106,500.65 (U.S.) and annual fees of approximately $12,000 (U.S.).

For further details, please refer to the company's news releases dated Jan. 18, 2024, and Feb. 5, 2024.