The TSX Venture Exchange has accepted for filing documentation relating to an option agreement dated Aug. 11, 2023, as amended in July, 2024, December, 2024, and September, 2025, between TomaGold Corp. and Chibougamau Independent Mines Inc. Pursuant to the agreement, TomaGold has an option to acquire a 100-per-cent interest in five mining properties of the company located in Chibougamau, Que., for the following consideration.

The number of TomaGold common shares represented by the $200,000, $300,000, $350,000 and $350,000 payments in shares to be issued in September, 2026, September, 2027, September, 2028, and September, 2029, respectively will have a deemed price per share equal to the 20-day VWAP (volume-weighted average price) of TomaGold shares on the exchange on the applicable anniversary date of the agreement, subject to a minimum price of five cents per share.

The company will retain a 2-per-cent gross metals royalty (GMR) on the properties, as will Globex Mining Enterprises Inc. TomaGold has the right to repurchase one-quarter (0.5 per cent) of the 2-per-cent GMR held by each of the company and Globex for a total purchase price of $1.5-million, to be divided equally between the company and Globex.