The TSX Venture Exchange has accepted for filing documentation with respect to the non-arm's-length acquisition by Resouro Strategic Metals Inc. of all the issued and outstanding ordinary shares of Tiros Stratemet Pte. Ltd. (TSPS) (formerly Brazil Copper Pte. Ltd. (Singapore)) and the arm's-length earn-in agreements for the company's indirect acquisition of an interest of 90 per cent in nine mineral concessions located in Brazil, forming part of the company's Tiros project. As a result of the transaction, the company indirectly owns a 90-per-cent interest in the Tiros project.

Consideration:  1,642,000 common shares; 750,000 performance warrants that will vest and be convertible for no additional consideration into company's common shares on completion of a detailed feasibility study on the Tiros project; four million non-transferable options to purchase four million common shares at an exercise price of 20 cents until Aug. 2, 2028 (These options are governed by the amended and restated option plan.)

For further details, please refer to the company's news releases dated Feb. 15, 2023, Aug. 2, 2023, Oct. 19, 2023, Dec. 21, 2023, Dec. 22, 2023, and March 8, 2024.