The TSX Venture Exchange has accepted for filing an option agreement dated Jan. 17, 2024, between Kenorland Minerals Ltd. and arm's-length parties. Pursuant to the terms of the agreement, the company may acquire a 100-per-cent interest in and to the minerals claims forming the Goldstorm project, located in Ontario, Canada. By way of consideration, the company will make total cash payments of $350,000 and will issue a total of $600,000 in shares (up to a maximum of 12 million shares) to the optionor. The property is subject to a 1.5-per-cent net smelter return (NSR) royalty in favour of the optionor, of which the company has the option to buy a 0.50-per-cent NSR royalty in consideration for $1-million.

For further details, please refer to the company's news release dated Jan. 18, 2024.