The TSX Venture Exchange has accepted for filing an agreement dated Jan. 23, 2024, between the company's wholly owned subsidiary and an arm's-length party. Pursuant to the terms of the agreement, the company may acquire 100 per cent of the right, title and interest in and to certain mineral licences in the Lalonde property, located approximately 85 kilometres east of Timmins, Ont. By way of consideration, the company will pay $20,000 in cash to the vendor and will issue 400,000 shares to the vendor

The company will retain a 2-per-cent net smelter return (NSR) royalty on the property. The company may buy back 50 per cent of the royalty for $1-million and has a right of first refusal to buy back the remaining 50-per-cent royalty.

The company is not paying any finder's fee.

Consideration:  $20,000 cash and 400,000 common shares

For further details, please refer to the company's news release dated Jan. 30, 2024.