The TSX Venture Exchange has accepted for filing a mining claim purchase agreement dated May 10, 2025, among Record Resources Inc. and an arm's-length seller, pursuant to which the company has acquired 100 per cent of the 21 mineral exploration claims on base and precious metals located in the province of Ontario (the Paradis Bay claims). The acquisition is structured wherein the company is required to pay $50,000 and issue two million common shares to the seller upon closing.

Pursuant to the agreement, the company acknowledged and accepted that there is a 1.0-per-cent gross revenue return (GRR) royalty granted on the claims. One-half of the GRR may be purchased at any time by the company for a price of $1-million.

For further details, refer to the company's news releases dated Oct. 30, 2024, and Oct. 31, 2025.