The TSX Venture Exchange has accepted for filing the documentation relating to an option agreement dated Feb. 5, 2024, between the company and Vior Inc., in connection with the option to acquire an 80-per-cent interest in Foothills property, located 100 kilometres north of Quebec in the province of Quebec.

Pursuant to the agreement, the company shall make cash payments totalling $400,000, issue up to 18,863,636 common shares of the company at a minimum price of 5.5 cents per share and incur $4-million of exploration expenditures over a four-year period following the closing of the agreement in order to acquire an 80-per-cent interest in the properties.

For further information, please refer to the company's news release dated Feb. 7, 2024.