The TSX Venture Exchange has accepted for filing an arm's-length option agreement dated July 23, 2025, between the company and the optionor. Pursuant to the terms of the agreement, the company may acquire a 100-per-cent right and interest over 6,902 hectares of mineral claims located in Saskatchewan. By way of consideration, the company will make cash payments totalling $40,000 and incur $200,000 in exploration expenditures over four years, and will issue 50,000 common shares at a deemed price of 56 cents per share. The company will also have the option to accelerate the earn-in phases by issuing an additional 25,000 common shares to the optionor. The property is subject to a 0.5-per-cent net smelter return (NSR) royalty, with the option to repurchase a 0.25-per-cent royalty back for $250-million at any time.

For further details, please refer to the company's news release dated July 29, 2025.