The TSX Venture Exchange has accepted for filing documentation relating to a property purchase agreement dated Feb. 20, 2026, and an amendment dated March 19, 2026, between the company and Strategic Metals Ltd., a non-arm's-length vendor. Pursuant to the terms of the agreements, the company will acquire a 100-per-cent interest in the Byng and Mars mineral properties located in southern Yukon near Whitehorse, known as the Byng and Mars projects. In consideration for the acquisition of the property, the company will make a total cash payment of $125,000 and issue 500,000 shares at a deemed price of 25 cents to the vendor. The property is subject to 2-per-cent net smelter return royalty in favour of the vendor. The company has the right to purchase one-half (1 per cent) of the NSR for $2-million (subject to CPI adjustment) at any time prior to a production decision. In addition, the DDH claims comprising part of the Mars property are subject to an existing 1-per-cent NSR royalty.
The transaction is non arm's length in nature and no finders' fees are payable.
For further information, refer to the company's news releases dated Feb. 24, 2026, March 19, 2026, and March 24, 2026, which are available under the company's profile on SEDAR+.
© 2026 Canjex Publishing Ltd. All rights reserved.