11:36:14 EST Tue 17 Feb 2026
Enter Symbol
or Name
USA
CA



Newterra Resources Inc. - Common Shares
Symbol NT
Shares Issued 18,844,000
Close 2026-02-13 C$ 0.16
Market Cap C$ 3,015,040
Recent Sedar+ Documents

ORIGINAL: Newterra Resources Enters into Option Agreement to Acquire Ferdinand Gold Property Located in Red Lake District of Ontario

2026-02-17 07:02 ET - News Release

Langley, British Columbia--(Newsfile Corp. - February 17, 2026) - Newterra Resources Inc. (CSE: NT) ("Newterra Resources" or the "Company") announces that it has entered into an option agreement to acquire a 100% interest in the Ferdinand Gold property located within the Red Lake Mining District in the Province of Ontario, Canada.

The Ferdinand Gold property is a large strategic land position exceeding 15,000 acres located within the prolific Confederation-Uchi Greenstone Belt and straddling the Fry-Bamaji Deformation Zone. The project is located near First Mining's Springpole Gold project and in the same region as the Kenorland/Auranova South Uchi project.

This portion of the Red Lake Greenstone Belt has recently seen significant staking activity in the last several weeks with companies such as Kenorland, Elemental Royalty, Kinross and First Mining all now holding significant land packages in the area.

Darren Blaney, CEO commented: "We are very pleased to have secured the Ferdinand Gold property as we believe it has great potential. Even though the property is located within a highly prospective geological region, very little known historic exploration has occurred on the property due to past inaccessibility challenges. Very recent logging operations have now opened access considerably with new logging roads and cutblocks potentially exposing previously unsampled bedrock structures. We look forward to getting boots on the ground."

Terms of the Transaction

The Company has signed a three-year option agreement (the "Agreement") with Gravel Ridge Resources Ltd. and a private company owned by Perry English (the "Optionors") pursuant to which the Company may acquire a 100% interest in the Ferdinand Gold property. In order to fully exercise its option and acquire the Ferdinand Gold property, over a three year period the Company will pay an aggregate of $77,000 and issue 300,000 common shares of the Company. The Optionors will retain a 1.5% net smelter returns production royalty ("Royalty"). The Company or its assigns will have the right to purchase a 0.5% Royalty for $600,000, leaving the Optionors with a 1.0% Royalty. All securities issued in connection with the Agreement will be subject to a hold period expiring four months and one day from their date of issuance in accordance with the policies of the CSE and applicable securities laws.

About Newterra Resources

Newterra is a gold and silver exploration company lead by experienced management with a track record of discovery.

The Company holds a 100% interest in the Iron Horse Project located near Kelowna, in the Province of British Columbia.

On behalf of the Board of Directors
"Darren Blaney"
Darren Blaney
CEO, President and Director

Contact Information

Newterra Resources Inc.
Darren Blaney, Chief Executive Officer
Email: info@newterraresources.com
Telephone: 604-290-6152

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284096

© 2026 Canjex Publishing Ltd. All rights reserved.