The TSX Venture Exchange has accepted for filing an agreement dated Dec. 3, 2025, with amendments dated Dec. 4, 2025, between the company and one arm's-length party, whereby the company will acquire a 100-per-cent undivided interest in two mining licences located in the province of Newfoundland and Labrador.

By way of consideration, the company will make cash payments of $1,690 and will issue 260,000 common shares to the vendor.

The vendor will retain a 2.5-per-cent net smelter return (NSR) royalty on the licences. The company may purchase up to 1.5 per cent of the royalty at any time for $1-million.

For further details, please refer to company's news release dated Dec. 11, 2025.