The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of a 100-per-cent interest in 27 unpatented lode mining claims located in Mineral county, Nevada, pursuant to an asset purchase agreement dated Sept. 30, 2025, between the company and an arm's-length vendor.

Pursuant to the terms of the agreement, the company has acquired the property by providing the following consideration to the vendor: (i) a $10,000 (U.S.) cash payment; (ii) the issuance of two million common shares of the company; and (iii) a $50,000 (U.S.) promissory note, which bears interest at a rate of 1 per cent per month and is payable within six months of the effective date.

The company has granted the vendor a 1-per-cent net smelter return (NSR) royalty on the property. At any time before the third anniversary of the agreement, the company may purchase 100 per cent (a 1.0-per-cent royalty) of such NSR royalty for $500,000 (U.S.). After the third and before the seventh anniversary of the agreement, the company may purchase 100 per cent (a 1.0-per-cent royalty) of such NSR royalty for $1-million (U.S.)

For further details, please refer to the company's news releases dated Aug. 19, 2025, and Oct. 23, 2025.