The TSX Venture Exchange has accepted for filing documentation relating to an option agreement dated Aug. 13, 2025, among Intor Resources Corp. (a wholly owned subsidiary of the company) and an arm's-length purchaser. The property consists of 100 per cent of 223 unpatented lode claims, which represent the core claims of the Gemini lithium project. Gemini is located in the Lida Valley near the town of Gold Point in Esmeralda county, Nevada. As consideration, the purchaser will pay $800,000 (U.S.) to the company in order to complete the acquisition of 100 per cent of the 223 unpatented lode claims from the company. An initial non-refundable $100,000 (U.S.) deposit was paid within five business days of the execution of the agreement, and a second and final payment of $700,000 (U.S.) to be paid within 120 days of the effective date. The timing of the final payment can be accelerated by the purchaser. In addition, the company will retain a 2-per-cent net smelter return (NSR) royalty for metals and minerals produced from the project, of which one-half (a 1-per-cent royalty) can be purchased by the purchaser for $1-million (U.S.).
The transaction is arm's length in nature and no finders' fees are payable.
For further information, refer to the company's news releases dated Aug. 19, 2025, and Sept. 15, 2025, which are available under the company's profile on SEDAR.
In accordance with Policy 2.5, the company has not maintained the requirements for a Tier 1 company. Therefore, effective Thursday, Sept. 18, 2025, the company's tier classification will change from Tier 1 to Tier 2.
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