The TSX Venture Exchange has accepted for filing a letter of intent (LOI) dated May 18, 2025, between the company and the optionor. Pursuant to the terms of the LOI, the company may acquire a 100-per-cent interest in certain mineral claims in Saskatchewan, Canada. By way of consideration, the company will make cash payments totalling $100,000 over 24 months and will issue 1.5 million shares over 24 months at a deemed price of 10 cents per share. The property is subject to a 2-per-cent net smelter return (NSR) royalty, with the option to repurchase a 1.5-per-cent royalty back for a $1.5-million at any time.

Consideration:  $100,000 cash and 1.5 million common shares

For further details, please refer to the company's news release dated May 21, 2025