The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of a 100-per-cent interest of the Floralia hematite iron ore property, located in the state of Minas Gerais, Brazil.

Consideration:  $1-million over one year

The property is subject to a net smelter return (NSR) royalty agreement, pursuant to which the vendor has been granted a production royalty equal to 3.5 per cent. No finder's fee was paid.

For further details, please refer to the company's news releases dated May 16, 2024, May 30, 2024, June 17, 2024, Aug. 6, 2024, Aug. 19, 2024, and Oct. 11, 2024.