19:08:14 EDT Mon 21 Sep 2026
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or Name
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Trident Resources Corp
Symbol ROCK
Shares Issued 41,047,373
Close 2026-09-21 C$ 4.18
Market Cap C$ 171,578,019
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Trident Resources closes Knife Lake option with Apogee

2026-09-21 18:05 ET - News Release

Mr. Jonathan Wiesblatt reports

TRIDENT CLOSES OPTION AGREEMENT WITH APOGEE MINERALS ON THE KNIFE LAKE COPPER PROJECT, SASKATCHEWAN

Further to the news release dated July 14, 2026, Trident Resources Corp. has closed the option agreement dated July 13, 2026, with Apogee Minerals Ltd., an arm's-length party, pursuant to which Apogee may earn a 100-per-cent interest in Trident's Knife Lake copper project located in Saskatchewan.

Agreement terms

Under the terms of the agreement, Apogee may earn a 100-per-cent interest in the property by satisfying the cash payment, share issuance and exploration expenditure commitments set out below.

The agreement also contains customary provisions limiting Trident's ownership to below 10 per cent of Apogee's outstanding shares and preventing Trident from becoming a reporting insider of Apogee, with any excess consideration payable in cash. Apogee will act as operator on the property during the option period, may accelerate the exercise of the option at any time by completing the required payments and exploration expenditures, and may elect to satisfy any portion of the required exploration expenditures in cash. All securities issued pursuant to the agreement will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws. No finders' fees were paid in connection with the transaction.

Upon exercise of the option, Apogee will hold a 100-per-cent interest in the property, subject to existing underlying royalties consisting of a 2.5-per-cent net smelter return royalty payable to Summit Royalties Ltd. and a 1.5-per-cent NSR royalty payable to a private individual on certain mineral claims comprising the property.

Marketing engagement

Trident also announces it has entered into a media service contract with Freedom Financial Research LLC. Pursuant to the terms of the FFR agreement, FFR will, among other items, provide the company with marketing services, which include social media management, content creation, distribution, digital marketing and any other marketing services as agreed upon by the company and FFR for distribution by e-mail. The FFR agreement has a term of 30 days, commencing upon launch today on Sept. 21. The company will make a one-time payment to FFR of $150,000 (U.S.) as consideration for the services, and FFR may be contacted at support@freedomfinancialresearch.com. The company will not issue any securities to FFR as compensation. Both Christopher Carroll and FFR are arm's length to the company, and do not have any interest, direct or indirect, in the company or its securities nor do they have any right to acquire such an interest.

Qualified person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Cornell McDowell, PGeo, vice-president, exploration, for Trident Resources, the qualified person for Trident as defined by NI 43-101.

About Trident Resources Corp.

Trident Resources is a Canadian gold exploration company focused on advancing district-scale opportunities in Saskatchewan's La Ronge gold belt. The company has assembled a large and strategic land position encompassing the several gold projects, which host foundational gold resources, together with a growing portfolio of highly prospective regional exploration properties.

Trident's current exploration focus is at the 100-per-cent-owned Contact Lake gold project, host to a past-producing high-grade gold mine where active drill programs are under way to expand known mineralization and unlock the broader district-scale potential of the belt. Backed by a strong treasury, as well as an experienced technical and capital market team, Trident is advancing multiple opportunities with the goal of becoming a leading explorer in one of Canada's emerging gold districts.

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