00:31:15 EST Thu 06 Nov 2025
Enter Symbol
or Name
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CA



Trident Resources Corp
Symbol ROCK
Shares Issued 30,301,804
Close 2025-10-22 C$ 0.94
Market Cap C$ 28,483,696
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Trident options La Ronge claims from Edge

2025-10-22 21:04 ET - News Release

Mr. Jonathan Wiesblatt reports

TRIDENT RESOURCES ANNOUNCES OPTION AGREEMENT TO ACQUIRE STRATEGIC CLAIMS FROM EDGE GEOLOGICAL CONSULTING WITHIN THE LA RONGE GOLD BELT

Trident Resources Corp. has signed a property option agreement dated Oct. 21, 2025, with Edge Geological Consulting Inc., pursuant to which the company has the right to acquire an up-to-100-per-cent interest in 17 individual mineral dispositions from five separate claim blocks that total 5,525 hectares within the Longe gold belt.

Acquisition highlights:

  • Attractive acquisition price (see agreement terms below);
  • The new dispositions host numerous base and precious metal showings that have seen only limited exploration;
  • Four of the five claim blocks are located within the prospective La Ronge gold belt, either adjacent to or nearby Trident's extensive existing landholdings; the fifth claim block is located near Ithingo Lake in the Mudjatik domain of the Hearne zone and hosts three underexplored gold showings;
  • The company has over $12-million in cash and marketable securities on its balance sheet;
  • Trident is making great progress at its fully financed 6,500-metre drill program at its flagship Contact Lake gold project.

Jonathan Wiesblatt, Trident's chief executive officer, commented: "This is part of our major corporate strategy as we embark on building a dominant project portfolio in this mining camp. This land acquisition further adds to Trident's overall asset base of highly prospective claims in the La Ronge gold belt. The company is in an excellent financial position to maximize the value of our existing gold projects in addition to adding strategic new claims surrounding our current project portfolio. Trident is well funded with over $12-million in cash and marketable securities on its balance sheet. Contact Lake drilling is exceeding our expectations as we drill to confirm the high-grade potential resources and testing the extension of the trend both along strike and at depth. We expect ample newsflow within the coming months from our inaugural drill program."

Agreement terms -- payments and commitments

The optionor irrevocably grants to the optionee the sole and exclusive right and option to acquire 100-per-cent right, title and interest in and to the property, in accordance with the terms of this agreement by satisfying the following conditions:

  1. Paying to the optionor a total of $51,000 and issuing to the optionor a total of 450,000 shares, as follows:
    1. Within five days of TSX Venture Exchange approval of the agreement, pay $51,000 and issue 150,000 shares;
    2. On or before the first anniversary of the acceptance date, issue 150,000 shares; and
    3. On or before the second anniversary of the acceptance date, issue 150,000 shares.

The agreement is subject to acceptance by the TSX Venture Exchange. All securities issued pursuant to the agreement are subject to a four-month hold period from the closing date in accordance with applicable securities laws and the policies of the exchange.

The property option agreement with Edge is not an arm's-length transaction as such term is defined in the exchange's Policy 1.1 and therefore constituted a related-party transaction as such term is defined in Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). Ross McElroy is a director of Trident and is also a director of Edge.

In respect of the requirements of MI 61-101 and exchange Policy 5.9, the company is relying on the exemptions from the formal valuation and minority approval required under MI 61-101. The company is exempt from the formal valuation requirement of MI 61-101 in reliance of sections 5.5(b) as no securities of the company are listed on the specified markets outlined therein. Additionally, the company is exempt from minority shareholder approval of MI 61-101 in reliance of Section 5.7(1)(a) of MI 61-101 (fair market value not more than 25 per cent of the company's market capitalization).

In accordance with the exchange Policy 5.3, the agreement constitutes a reviewable transaction as such transaction involves a non-arm's-length party.

Qualified person

The scientific and technical data contained in this news release was reviewed and approved by Cornell McDowell, PGeo, the company's vice-president of exploration and a qualified person under the National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

About Trident Resources Corp.

Trident is a Canadian public mineral exploration company listed on the TSX Venture Exchange focused on the acquisition, exploration and development of advanced-stage gold and copper exploration projects in Saskatchewan, Canada. The company is advancing its 100-per-cent-owned Contact Lake and Greywacke Lake projects which host significant historical gold resources located within the prospective and underexplored La Ronge gold belt, as well as the 100-per-cent-owned Knife Lake copper project, which contains a historical copper resource.

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