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Troubadour Resources Inc (2)
Symbol TR
Shares Issued 70,068,574
Close 2025-06-10 C$ 0.03
Market Cap C$ 2,102,057
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Troubadour signs Texas option with Molten Metals

2025-06-10 18:43 ET - News Release

Mr. Zachary Kotowych reports

TROUBADOUR RESOURCES OPTIONS ITS TEXAS PROPERTY TO MOLTEN METALS

Troubadour Resources Inc. has entered into an option agreement with Molten Metals Corp., whereby Molten Metals may acquire a 100-per-cent interest in the company's Texas property, located in British Columbia, Canada.

The transaction is not subject to TSX Venture Exchange approval as it qualifies as an exempt transaction under TSX-V Policy 5.3, Acquisitions and Dispositions of Non-Cash Assets.

The agreement aligns with Troubadour's strategy to streamline its portfolio and focus on its core assets, which include the company's Senneville VMS (volcanogenic massive sulphide) gold project near Val d'Or, Que. By optioning the Texas project to Molten Metals, Troubadour secures immediate financial benefits while transferring exploration risk to a capable partner.

Zachary Kotowych, chief executive officer of Troubadour Resources, commented: "This strategic transaction allows Troubadour to monetize a non-core asset, generating immediate financial benefits through MOLT's issuance of 1.6 million common shares within 10 days of their receiving approval from the Canadian Securities Exchange."

Mr. Kotowych continued: "By transferring exploration risk to MOLT, a skilled partner, Troubadour can allocate resources to advancing its flagship Senneville project. This option enhances Troubadour's financial stability and supports its strategy to focus on high-potential projects in Quebec."

In order to exercise the option, Molten Metals must fulfill the following conditions:

  1. Share issuances:
    • Molten Metals will issue an aggregate of 1.6 million common shares to Troubadour within 10 days of receipt of approval from the CSE;
  2. Exploration expenditures:
    • Incurring exploration expenditures of $500,000 on the Texas property as follows:
      1. $150,000 on or before the second anniversary of the effective date;
      2. $350,000 on or before the fourth anniversary of the effective date.

Molten Metals will serve as the operator of the project while it is under option and has the flexibility to accelerate share issuances and/or exploration expenditures to earn its interest ahead of schedule.

The company also announces that, further to its news release dated Feb. 13, 2025, subject to TSX-V final approval, the company has amended the exercise price and expiry acceleration terms for 10,031,000 of 10,221,000 previously issued and outstanding common share purchase warrants.

The exercise price of the warrants has been reduced from 17.5 cents per warrant share to 10 cents per warrant share. In addition, the expiration of the warrants will be accelerated to 30 days if, for any 10 consecutive trading days, the closing price of the common shares of the company on the TSX-V is 12.5 cents or greater, with such 30-day period starting seven days after the acceleration trigger.

The company confirms that one holder of 90,000 warrants did not respond to multiple attempts to contact him or her regarding the proposed amendment. In addition, one holder of 100,000 warrants did not consent to the amendment but indicated that he or she did not object to the warrants held by other holders being amended.

The warrants' other terms, including the July 18, 2026 expiry date, remain unchanged.

About Troubadour Resources Inc.

Troubadour Resources is a North American mineral acquisition and exploration company focused on the development of quality critical mineral and precious metal properties that are drill ready with high upside and expansion potential. Based in Vancouver, B.C., Troubadour trades on the TSX-V under the symbol TR, on the OTCQB Market under the symbol TROUF, and on the Frankfurt, Berlin and Tradegate stock exchanges under the symbol A3DBDE.

Troubadour's flagship project is the Senneville gold-copper project, situated in close proximity to Val d'Or, Que., Canada. Comprising 230 mineral claims totalling over 130 square kilometres, the Senneville project is located within the prolific Val d'Or mining camp between Probe Gold's McKenzie Break deposit (1,453,400 ounces inferred) to the north and Probe's Novador development project to the south (6,405,000 ounces measured and indicated and 1,550,200 ounces inferred).

Note: Readers are cautioned that the geology of nearby properties is not necessarily indicative of the geology of the company's properties.

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