The TSX Venture Exchange has accepted for filing documentation pertaining to an amending agreement dated June 17, 2024, among the company and several arm's-length parties, whereby the company amended consideration for an option to acquire 100 per cent of the interest in and to mineral claims located in Newfoundland and Labrador, which was previously accepted by the exchange on March 21, 2023.

Under the terms of the agreement, the company and the vendors agreed to replace a $400,000 cash payment due by Nov. 30, 2024, with an issuance of four million common shares and a $200,000 cash payment. There are no additional changes to the terms of the acquisition.

For further details, please refer to the company's news release dated June 18, 2024.