The TSX Venture Exchange has accepted for filing documentation pertaining to seven purchase and sale agreements and two exploration agreements, among the company and several arm's-length parties (the vendors), whereby the company acquired certain mining claims and access rights to conduct exploration activities in Ontario.

Under the terms of the agreements, the company has agreed to acquire properties in exchange for 923,000 common shares and a cash payment of $67,760. Furthermore, the company has agreed to grant to four vendors royalties equaling a 2.0-per-cent net returns interest on the applicable claims. The company has the exclusive option at any time and from time to time to repurchase one-half of each such royalty (being a 1.0-per-cent net returns interest) from the three vendors for a cash purchase price of $1-million per royalty and a quarter of a royalty (being a 0.5-per-cent net returns interest) from one vendor for $1-million cash payment.

For more information, please refer to the company's news release dated Jan. 19, 2024.