The TSX Venture Exchange has accepted for filing a purchase agreement dated Jan. 9, 2024, with respect to the arm's-length acquisition of a 100-per-cent interest in 88 mineral claims (700 hectares), located in Wyoming. The claims were previously held under a lease agreement with the vendor. In order to purchase the claims, the company is required to pay 1.5 million common shares and potentially up to three milestone payments totalling up to $11-million and 500,000 common shares. The vendor will retain a 3-per-cent net smelter return (NSR) royalty, with the company having the right to purchase 2 per cent of the NSR royalty at any time for $5-million (U.S.).

For further details, please refer to the company's news release dated Jan. 15, 2024.