The TSX Venture Exchange has accepted for filing an extension agreement dated May 10, 2025, with respect to an arm's-length acquisition of a 100-per-cent interest in the Everton project, a molybdenum mine in Victoria, Australia. The extension was executed in connection with a purchase agreement dated March 10, 2025, to acquire the exploration licence (EL008334) from the vendor. Payment for the agreement will be in the form of two million common shares of the company at a price of five cents per share for a total consideration of $100,000. The shares will be subject to a resale restriction period of six months from closing and the vendor agrees to sell no more than 500,000 consideration shares during any two-month period.

For further details, please refer to the company's news release dated March 13, 2025.