The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length disposition of up to 80 per cent of the company's Beaver-Lynx project. Pursuant to the earn-in and joint venture agreement dated April 25, 2025, the optionee may earn up to a 60-per-cent interest in the project by incurring minimum exploration expenditures of $3-million over two years and may earn an additional 20-per-cent interest in the project by completing an additional $5-million in exploration expenditures over three years from the date the phase 1 option is exercised. The optionee will also have the right, following exercise of the phase 1 option, to purchase certain non-mineral rights in the project for consideration of $500,000 and granting of royalty rights to the company.

The transaction is arm's length in nature and no finders' fees are payable.

For further details, please refer to the company's news releases dated Nov. 4, 2024, March 6, 2025, May 9, 2025, and June 18, 2025.