The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length 75-per-cent interest earn-in of the CD project with Strategic Metals Ltd. (SMD), an arm's-length party. The total consideration is considered over a five-year period at a deemed price not less than five cents per common share. If the deemed price is less than five cents per common share, then such issuance shall be satisfied by way of a cash payment.

Total consideration:  $225,000 cash, up to 24.5 million common shares and up to $10-million in work expenditures

No finder's fee was payable as part of the transaction.

For further details, please refer to the company's news release dated May 20, 2026.