The TSX Venture Exchange has accepted for filing documentation with respect to an asset purchase agreement dated Nov. 3, 2025, to acquire 545 additional mining claims in the Chibougamau camp, Quebec, from arm's-length vendors. The agreement sets forth the following terms.
Consideration: $100,000 cash and one million common shares
The company and the vendors entered into a net smelter return (NSR) royalty agreement, pursuant to which the vendors have been granted a 1-per-cent NSR on the agreement. The company retains the right to repurchase 0.5 per cent of the NSR for $750,000.
For further details, please refer to the company's news release dated Nov. 14, 2024.
© 2025 Canjex Publishing Ltd. All rights reserved.