The TSX Venture Exchange has accepted for filing documentation pertaining to a share purchase agreement dated Feb. 13, 2024, between the company and Sterling Metals Corp. (the buyer), whereby the company sold all interest in 1000797918 Ontario Inc., the subsidiary of the company, that held the 24,000-hectare brownfield copper-molybdenum-silver-gold project located 80 kilometres north of Sault Ste. Marie, Ont. (the subsidiary).

Under the terms of the agreement, the company agreed to sell the subsidiary in exchange for 108,087,669 common shares of the buyer and a cash payment of $460,000. The company distributed 86,249,546 common shares of the buyer to its shareholders on a pro rata basis.

For further details, please refer to the company's news releases dated Feb. 14, 2024, April 30, 2024, and May 10, 2024.