The TSX Venture Exchange has accepted for filing documentation pertaining to the issuer's arm's-length acquisition of a 56.41-per-cent interest in the claim group located immediately north and east of the issuer's Corner Bay copper project in the Chibougamau mining camp in consideration for $20,000 in cash and 1,190,476 common shares at a deemed price of 10.5 cents per share payable to SOQUEM.

The agreement also includes up to $350,000 in consideration, contingent on achieving certain milestones. Upon completing a National Instrument 43-101-compliant mineral resource estimate for the claim group, the issuer will pay SOQUEM $100,000. Additionally, on commencing commercial production, the company will pay SOQUEM $250,000 and grant a 1-per-cent net smelter return (NSR) royalty on copper and gold production. The issuer retains the option to buy back 50 per cent of the NSR for $500,000 and the remaining 50 per cent for $1-million, prior to the start of commercial production.

For more information, please refer to the issuer's news releases dated July 3, 2024, and Nov. 21, 2024.