The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of the remaining 55.0-per-cent interest of Gunnarn Mining AB. Prior to the transaction, the company held a 45.0-per-cent interest in the target. Pursuant to the terms of the agreement, the company will issue 75,509,577 shares to the vendor and pay $20-million (U.S.) cash, in order to complete the acquisition of the target. The target holds a 100-per-cent interest in the Barsele gold project in Sweden. The company will now own a 100-per-cent interest in the target. The company will grant the vendor a 2.0-per-cent net smelter return (NSR) royalty on the project, which can be repurchased for $50-million (U.S.), at any time prior to two years following the achievement of commercial production at the project. The company will also assume the vendor's obligations of an existing 2.0-per-cent NSR royalty.

A finder's fee will be payable to an arm's-length party by way of 2,574,833 shares of the company.

For further details, please refer to the company's news releases dated Jan. 28, 2026, April 9, 2026, and June 25, 2026.