The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of the Magnet Lake property (to be rebranded as the Bonanza Ridge project), located approximately 25 kilometres southeast of Kenora, Ont. By way of consideration, the company will make cash payments totalling $82,500 and will issue common shares with a total value of $235,000 at a deemed price determined by the 10-day trading average prior to issuance. The deemed price per share is subject to a minimum floor price of 27 cents per share. The property is subject to a 2-per-cent net smelter return (NSR) royalty in favour of the optionors.

Consideration:  $82,000 cash and 870,370 common shares

There was no finder's fee payable.

For further details, please refer to the company's news release dated Dec. 9, 2025.