15:36:48 EDT Sun 13 Jul 2025
Enter Symbol
or Name
USA
CA



Decade Resources Ltd (3)
Symbol DEC
Shares Issued 147,032,690
Close 2025-04-15 C$ 0.03
Market Cap C$ 4,410,981
Recent Sedar Documents

Decade Resources agreement for North Mitchell property

2025-04-15 16:39 ET - Property Agreement

The TSX Venture Exchange has accepted for filing an option agreement dated March 26, 2025, between the company and an arm's-length party. Pursuant to the terms of the agreement, the company may acquire up to an 70-per-cent undivided interest in and to all of the issued and outstanding common shares of the optionor. By way of consideration, the company will provide the optionor with payments of cash and common shares of the company according to the schedule in the attached table.

The property is subject to a 1.0-per-cent net smelter return (NSR) royalty in favour of the optionor. The company shall have the right to purchase a 0.5-per-cent royalty of the NSR royalty from the optionors for the sum of $3-million within 12 months before the date any commercial production commences on the property. The company has the right to purchase the 30-per-cent interest from the optionor at a price equal to two-thirds of the value of the 30-per-cent interest based upon a discounted of 5 per cent net.

For further details, please refer to the company's news release dated March 27, 2025.

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