The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of an exclusive right to acquire a 100-per-cent interest in Ginette mining property.
Under the terms of the agreement, as a consideration the company will issue staged issuance of 3.95 million common shares. The agreement also grants the company staged cash payment of $1-million (U.S.) within the first three years of the effective date of the agreement.
The optionors will retain a 1-per-cent net smelter royalty subject to the company's right to acquire 100 per cent of the NSR (net smelter return) royalty at any time within the first two years for $1-million (U.S.).
For further details, please refer to the company's news releases dated March 31, 2026, and May 6, 2026.
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