The TSX Venture Exchange has accepted for filing documentation pertaining to an arm's-length property option agreement dated April 15, 2026, between Trident Resources Corp. and an arm's-length optionor, whereby the company has an option to acquire a 100-per-cent interest in 19 mineral claims known as the North-Sask. Ventures properties, located in the La Ronge district of Saskatchewan, Canada.
According to the agreement, the acquisition of the properties will be completed through staged cash payments and share issuances:
- Within five days of the exchange acceptance date, the company will pay $25,000 in cash and issue 10,000 common shares.
- On the first anniversary of the exchange acceptance date, the company will pay $20,000 in cash and issue 10,000 common shares.
- On the second anniversary of the exchange acceptance date, the company will pay $20,000 in cash and issue 10,000 common shares.
- On the third anniversary of the exchange acceptance date, the company will pay $20,000 in cash and issue 10,000 common shares.
The optionor retains a 2-per-cent net smelter return (NSR) royalty on all mineral products sold from the properties. The company maintains the right at any time to purchase one-half (a 1-per-cent royalty) of this NSR royalty for a payment of $1-million.
The transaction is arm's length in nature and no finders' fees are payable.
For further details, please refer to the company's news release dated April 16, 2026.
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