The TSX Venture Exchange has accepted for filing documentation pertaining to a purchase agreement dated July 8, 2024, between the company and arm's-length parties, Rudolf Wahl and Mike Dorval. Pursuant to the agreement, the company has acquired a 100-per-cent interest in 42 unpatented cell claims in Killala Lake area townships, Thunder Bay mining district, in the province of Ontario.

As consideration on closing, the company paid the vendors a one-time cash payment of $20,000 and issued two million common shares of the company priced at two cents per share. The vendors were granted a 3.0-per-cent net smelter return royalty from all commercial production on claims. The company shall have the right to purchase a 2.5-per-cent royalty of the 3-per-cent royalty at any time for $2-million.

For further details, please refer to the company's news release dated July 17, 2024.