The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of a 100-per-cent interest in the Golden Arrow property. The property consist of 17 patented and 494 unpatented mineral claims located near Tonopah, Nev., USA. Pursuant to the terms of the agreement, the company will issue 12.5 million shares, pay $600,000 (U.S.) (of which $250,000 (U.S.) had been previously paid), issue a $3.5-million (U.S.) principal amount non-convertible senior secured promissory note and grant a 0.5-per-cent net smelter return (NSR) royalty on the property, all in favour of the vendors. The 0.5-per-cent NSR royalty can be bought back by the company for $1-million (U.S.) prior to the fourth anniversary of the agreement or $1.5-million (U.S.) if exercised on or after the fourth anniversary of the agreement, but before the seventh anniversary, after which the repurchase right shall expire. The company will be assuming several NSRs up to 3.0 per cent, which are further outlined in the company's news release dated Aug. 14, 2026. The note bears interest at a rate of 8.5 epr cent per annum, payable semi-annually, in cash, and matures on March 23, 2031. The note has an early payment bonus and principal step-up features, which are both further outlined in the company's news release dated Aug. 14, 2026.

No finder's fee was paid.

For further details, please refer to the company's news releases dated Sept. 29, 2025, March 24, 2026, March 31, 2026, June 10, 2026, and Aug. 14, 2026