The TSX Venture Exchange has accepted for filing an agreement dated Oct. 1, 2025, between the company and the vendors. Pursuant to the terms of the agreement, the company may acquire a 100-per-cent interest in six mineral licences, located in Valentine Lake fault in Newfoundland. By way of consideration, the company will make a cash payment of $50,000 and issue 2.5 million common shares at a deemed price of 14 cents per share. The property is subject to a 1.5-per-cent net smelter return (NSR) royalty in favour of the vendors. The company will have the option to purchase a 0.75-per-cent NSR for a cash payment of $1.5-million.

No finder's fee was payable as part of the purchase.

For further details, please refer to the company's news release dated Oct. 8, 2025, and Oct. 20, 2025.