The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of up to a 100-per-cent interest in the Antimony Ridge claims, Newfoundland. By way of consideration, the company will make cash payments totalling $60,000 and will issue 160,000 shares at a deemed price of 26 cents per share. The property is subject to a 2.0-per-cent net smelter return (NSR) royalty payable to the optionor, of which a 1.0-per-cent royalty can be bought back with a $750,000 cash payment to the optionor.
Consideration: $60,000 cash, 160,000 common shares and $110,000 in work expenditures
No finder's fee was paid.
For further details, please refer to the company's news releases dated June 26, 2025, and July 4, 2025.
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