The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of a 100-per-cent interest in two licences encompassing 33 claims located in the Victoria Lake district in Newfoundland. The property is subject to a 2.0-per-cent net smelter return (NSR) royalty, which is payable to the vendor, of which a 1.0-per-cent royalty can be bought back by the company with a $1.5-million cash payment. The company also granted to the vendor a 0.25-per-cent NSR royalty on three claims and on a portion of a licence, which is further detailed in the company's news release dated Aug. 13, 2025.

Consideration:  $6,000 cash and 200,000 common shares

No finder's fee was paid.

For further details, please refer to the company's news release dated Aug. 13, 2025.