The TSX Venture Exchange has accepted for filing an agreement dated Oct. 1, 2025, between the company and the optionors. Pursuant to the terms of the agreement, the company may acquire a 100-per-cent interest in four mineral licences, located in Valentine Lake fault in Newfoundland. By way of consideration, the company will issue two million common shares at a deemed price of 13.5 cents per share.

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.