The TSX Venture Exchange has accepted for filing documentation with respect to the arm's acquisition of the issued and outstanding shares of Catalyst, which itself holds a 100-per-cent interest in the Wolverine REE (rare earth element) project in Labrador.

The initial consideration comprises of 4,249,982 common shares and a cash payment of $1-million, to be paid to the vendors within 120 days from the closing. An aggregate of 12 million common shares and $2-million in cash payments are to be made over two milestone triggered events related to the establishment of a mineral resource estimate on the project. An additional three milestone events related to the completion and of a preliminary economic assessment, prefeasibility study and feasibility study may result in an additional consideration of an aggregate of up to 30 million common shares at a floor price of 50 cents and $3-million in cash payments to the vendors. Shares issued under this consideration are subject to 36-month escrow and/or resale restrictions.

For further details, please refer to the company's news release dated April 14, 2026.